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Novel
AddedMar 17, 2024
UpdatedJul 1, 2026
Novel

Novel

Seed

Novel: Your all-in-one solution for international business banking.

Founded
2021
Accelerator
Y Combinator logoY CombinatorS20
Overview
Compare
Fundraising
Employees
Website

Novel, founded with the mission to simplify international business banking, offers a comprehensive suite of financial services tailored for global entrepreneurs. The company provides U.S. business bank accounts, multi-currency wallets, and global transfers in over 140 currencies, making it easier for international founders to manage their finances seamlessly. Novel's vision is to empower business owners worldwide by providing a unified platform that addresses the complexities of cross-border banking. Their market focus includes both U.S. residents and non-U.S. beneficial owners, excluding those from unsupported countries.

Notable figures associated with Novel include its founders and key investors who have a strong background in fintech and global finance. The startup has achieved significant milestones, such as expanding its service to support beneficial owners from a wide range of countries and facilitating seamless global transactions. Novel's impact is evident in its ability to streamline international banking processes, thereby enabling entrepreneurs to focus on growing their businesses without the usual financial hurdles.

Novel - Similar Companies

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Novel - Quick Facts

Who are Novel's competitors?

Companies similar to Novel include Broad, co.dev, Novo and Novo.

When was Novel founded?

Novel was founded in 2021.

When was Novel's last funding round?

Novel's most recent funding round was for $150k (USD) in January 2020.

How much has Novel raised to-date?

As of Jan 1, 2020, Novel has raised a total of $150k (USD).

How many employees does Novel have?

Novel has 15 employees as of Feb 5, 2024.

Novel - Classification

Ownership
  • Venture Capital
Technology
  • FinTech
Geographic Exposure
  • Global
Model
  • Platform
Revenue
  • Recurring
  • Software
  • Transactional
Customer
  • Enterprise
  • Small Business
Main Product
  • Banking
  • Financial Services
Tags
  • SaaS