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Novo Banks on Faster Deposits & Apps to Gain Small Business Market Share

Fintech Labs Insights

AUGUST 30, 2022

Novo doesn’t even address it in their FAQs, if you search for “Pricing” it merely shows two links to info about partner prices (Quickbooks and Wise). Novo is seemingly a breakout success with 175,000 customers and 1.2M But a modern digital player is expected to be very transparent with pricing.

Small Business 15
Small Business Novo Banks ACH Addressing 15
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SoFi Officially Files For A Bank Charter Of Its Own

PYMNTS

JUNE 13, 2017

Which means it really doesn’t come as all that huge a surprise that as of June 6th, SoFi had applied for a new (de novo) bank charter according to the FDIC. Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. SoFi has confirmed the news.

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De Novo Banks FDIC Novo Banks Underwriting 40
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