“Banks will never truly go away. They will become more and more invisible as time goes on, but they will always continue to exist.”
MICHAEL RANGEL (CEO)
Traditional banking continues to tremble as FinTech platforms disrupt the status quo. The digital transformation in banking continues to accelerate, as consumers “expect their banks to act and interact more like top technology brands.”
Novo, a Techstars-backed digital bank arrived on the scene in 2016. They aim to give founders and their pride-and-joy (the business) a fully digital banking solution. The company continues to hustle, raising $4.8 million in a March 2019 seed round. In 2018, Novo unleashed what Business Insider termed a “Pocket-Sized CFO to Empower Small Businesses.” TechCrunch Disrupt audience members oohed and aahed at the marvelous artificially intelligent creation.
Captain of this fair ship is Michael Rangel, founder, and CEO. Michael and his crew have cast their gazes skyward along with great modern thinkers and doers. They envision a universe where modern entrepreneurs can bank on their terms.
Take the next great leap with us as we introduce our friend, Michael…
Novo is a banking platform that provides better business checking accounts to today’s companies and is powered by a network of FDIC-insured community banks. Novo is bringing small business banking into the modern age with easy-to-use tools for founders on the go.
I still live with my co-founder.
Elon Musk, Jeff Bezos, and Albert Einstein.
Ensuring our culture transcends through the organization as we continue scaling employee and user count.
Banks will never truly go away. They will become more and more invisible as time goes on, but they will always continue to exist.
Venmo (FinTech’s real OG)
I’ve always steered clear of dating libras.
This depends on how you describe the word “banking” … as Amazon already offers more “banking” services to businesses than most banks themselves. Who will become a full-fledged bank first? I don’t think it’d be prudent of any of them.