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Novo raises $35m in Series B extension funding

Miami based fintech platform for small businesses raised $35m in Series B extension funding led by GGV Capital.

“What’s impressed us most about Novo is their ecosystem approach to small business checking — they’ve built a robust, intuitive platform that allows SMBs to connect all of their business and financial applications to their Novo account,” said Hans Tung, managing partner at GGV Capital. “I’m confident that Novo will continue to scale its app partnerships effectively, and become one of the most widely-used small business checking accounts in the United States.”

Tags

smbs, banking