Neobank Novo raises $40.7m in Series A round

Photo by Josh Appel on Unsplash

Novo, a neobank for small businesses, startups and freelancers, on Wednesday said it has raised $40.7 million ( 302 crore) in a Series A round of funding.

The tech company that enables small businesses to open accounts without a minimum balance requirement has raised the capital from Valar Ventures along with Crosslink Capital, Rainfall Ventures, Red Sea Ventures and BoxGroup.

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