Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee



Posted April 01, 2021


Novo, the powerfully simple small business banking platform, today announced that the company has opened an office in Miami.

“I grew up in Miami, and have greatly enjoyed seeing the city’s startup and small business communities grow over the last decade,” said Michael Rangel, CEO and founder of Novo. “As Novo establishes itself in Miami, our team very much looks forward to supporting small businesses as we all work towards recovering from the COVID-19 pandemic.”

Since launching in 2018, tens of thousands of small business owners have signed up for Novo’s award-winning banking platform. Novo processed more than $600 million in customer transactions in 2020, and was named one of the Best Business Checking Accounts of 2021 by Money Magazine. Recently, the company announced a number of new features for its digital banking platform, including invoicing, budgeting, e-commerce, and self-service capabilities.

Added Rangel, “As Novo continues to grow, we will be adding positions in Miami, New York, and around the world. Our extremely talented team shares a deep commitment to helping small businesses succeed.”


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