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Novo launched its digital business banking platform in the US, offering free checking accounts and debit cards for startups and small businesses. The service is white-labeled through a partnership wit...

Novo announced an integration with Gusto, combining banking and payroll services through an embedded payroll solution for small businesses. The partnership allows Novo's SMB customers to manage bankin...

NovoPayment, a Miami-based Banking-as-a-Service provider focused on Latin America, raised $19 million in Series A financing led by Fuel Venture Capital and IDC Ventures. Additional investors included ...

NovoPayment secured a $20M investment from Morgan Stanley Expansion Capital for its API-driven digital banking and payments SaaS platform. The company serves banks, neobanks, and merchants with scalab...

NovoPayment and Visa launched a white-label Banking-as-a-Service platform enabling instant virtual account issuance and disbursements for banks and fintechs across Latin America and the Caribbean. The...

Novo launched Novo Payroll on January 24, 2024, an embedded payroll solution powered by payroll infrastructure company Check. The tool allows small business customers to run payroll directly from thei...

Visa partnered with NovoPayment to enable digital financial services such as mass disbursements and collections via a cloud-based platform for banks across Latin America. The partnership leverages Nov...

... restoring expedited merger reviews and streamlined procedures for bank transactions. The rule reduces scrutiny on novel activities, directly benefiting fintechs, crypto firms, and de novo national ba...

Savi Financial Corp. received FDIC approval in 2023 for a Washington state-chartered de novo bank called Orca Bank. The company still required Federal Reserve approval and targeted a Q1 2024 opening. ...

As of October 2023, the OCC had not approved any de novo bank charter applications from fintech companies since Acting Comptroller Hsu took office. More than half of fintechs that filed since 2017 wit...

The OCC granted conditional approval on October 15, 2025, for a de novo national bank charter to Erebor Bank, National Association, headquartered in Columbus, Ohio. The application was submitted by di...

Coastal Financial added de novo Erebor Bank as a correspondent partner, disclosed in a slide in Coastal's latest earnings presentation. Erebor opened in February after receiving expedited charter appr...

UK challenger bank Monzo submitted a 96-page de novo national bank charter application to the OCC on April 20, 2020, planning a San Francisco headquarters for FDIC-insured deposits. The approval proce...