Modern Partners: Novo + Xero

Novo , the no-fee banking platform for modern entrepreneurs, has announced a partnership with Xero , the global cloud accounting provider for small business, to become the company’s first US digital banking platform partner. Now, entrepreneurs can now manage expenses on Novo’s banking platform.

“The small business landscape is changing , and modern entrepreneurs are opting for mobile-first, on-demand solutions which will enable them to run their businesses in a more self-sustaining way. By being the first digital U.S. banking platform to integrate with a trusted industry leader such as Xero, Novo is paving the way for a new model of banking where banks are no longer stand-alone entities; they are “financial watchtowers” which will seamlessly incorporate the everyday tools essential to a small business. We are proud to announce this integration with Xero as they have helped millions of business owners, and look forward to expanding our integrations to drive the evolution of modern banking and fintech solutions.” – Novo cofounder and CEO Michael Rangel.

“As the first digital banking platform in the U.S. to leverage our bank feeds API, Novo integrates to our platform to enable businesses and their advisors to access the financial information they need to make crucial business decisions. While innovations in financial services haven’t accelerated as quickly as the needs and demands of a modern business, digital challenger banks like Novo are leading the charge.” – President of the Americas, Xero, Tony Ward.