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FinTech Novo Grabs $40.7 Million To Fuel Growth

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pymnts
pymnts
 2021-06-16
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Novo, a financial technology company, has pulled in $40.7 million in venture capital. The FinTech focuses on digital banking for small to medium-sized businesses (SMBs). The company said in a press release that the cash will go toward building out its platform and doubling its staff of 60 employees over the next year. The funding round was led by Valar Ventures with participation from Crosslink Capital, Rainfall Ventures, Red Sea Ventures and BoxGroup.

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