Novo AI
Novo
Small business banking built for speed with AI
Quick Answer
Novo AI provides free business banking for US freelancers and small businesses with invoice creation expense tracking and integrations to Stripe QuickBooks and Shopify. No monthly fees or minimum balance. US only.
What It Does
Novo AI provides a fee-free business checking account with no minimum balance, creates and sends professional invoices directly from the banking app, tracks expenses and categorizes transactions automatically, integrates with Stripe QuickBooks Shopify Etsy and other small business tools, delivers spending insights and cash flow analysis, provides Novo Boost for Stripe users offering faster access to Stripe payouts, manages reserves for setting aside funds for taxes or future expenses, sends payment notifications and low balance alerts, enables mobile check deposit, and provides AI-powered financial insights for small business owners.
What It Cannot Do
Novo is a fintech not a bank — accounts are held at Middlesex Federal Savings which provides FDIC insurance. It does not offer loans credit cards or lines of credit directly. Cash deposits are not accepted. Novo focuses on small businesses and freelancers — not suitable for larger businesses with complex banking needs. US only.
Who Is It For
US freelancers solopreneurs and small business owners who want a fee-free professional business banking account with integrations to their existing tools. Particularly suitable for digital businesses e-commerce sellers and service providers who want banking built around their workflow.
About Novo AI
Novo is a fintech company providing business banking services designed specifically for small businesses freelancers and sole proprietors. The platform offers a fee-free business checking account with no minimum balance and integrates seamlessly with the tools small businesses already use including Stripe QuickBooks Shopify and Etsy. Novo's AI assists with invoice creation expense tracking and financial insights that help small business owners understand their cash flow without complex accounting software. The platform has been particularly popular with freelancers and solopreneurs who need a professional business banking experience without the complexity and fees of traditional business bank accounts.
Pricing and Access
No monthly fees no minimum balance no transaction fees. Revenue from interchange fees. FDIC insured through Middlesex Federal Savings. US only.
Platforms
How AI Works
HybridFounded
2016
Headquarters
New York, USA
Related Resources
Software