Born in Silicon Valley / PodBean · Jun 2024
Podcast interview with Aldrin Clement about Novel's origin, mission, and product direction for international founders.
Novel is your international business bank account
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
Novel (Novel Financial, Inc.) is a fintech/business-banking platform for international founders and global businesses. It offers U.S. business accounts, multi-currency wallets, payouts, cards, invoicing, and accounting integrations. Public sources disagree on some metrics (notably HQ and revenue), so unsupported or conflicting items are left null or described conservatively.
Primary product
International business bank account / business banking platform
Founded
2021
Headquarters
New York, New York, United States
Team size
1-10
Industry
Software Development
Sub-industry
Financial Technology / Business Banking
Offices
New York, New York, United States
Business model
subscription
transaction fees
FX spread
Funding
Stage
Seed
Total raised
$6M
Latest round
Seed · Apr 2022
Latest amount
$6M
Apr 2022 · Lerer Hippeau
Aug 2020 · Y Combinator
People & investors
Work & culture
Product & market
Pricing
Public pricing is not fully itemized; Novel appears plan/subscription-based (including a Plus plan), with a stated transfer fee of 0.35% above interbank and value economics from interest/cashback on balances and spend.
Differentiators
- —built for international founders without an SSN
- —30+ multi-currency accounts
- —payouts in 140+ currencies
- —quick application / account setup in as little as 30 minutes
- —FDIC-insured accounts up to $250,000
- —in-app phone and chat support
- —QuickBooks and Xero integrations
Technology
GraphQL
React
TypeScript
PostgreSQL
Selenium
Java
Playwright
TestNG
Terraform
Gherkin
GitLab
Docker
Redux
BrowserStack
Vercel
Workable
Storybook
Notion
ClickUp
Customers
international founders
global businesses
U.S. businesses with non-U.S. beneficial owners
eCommerce businesses
agencies and consultancies serving clients worldwide
bookkeepers and accounting teams
Competitors
Brex
Mercury
Tide
Relay
Novo
Wise
Scale & contact
Estimated revenue
Public estimates conflict: GetLatka says about $2M revenue (2024) while Extruct AI estimates about $10M.
Estimated monthly visits
3.7K
Traffic estimate as of Jul 2026
Latest news
Y Combinator · Mar 2023
Launch post describing Novel as an international business bank account for global businesses, founded by Aldrin and Paul, with U.S. business banking, multi-currency accounts, global payouts, and smart debit cards.
LinkedIn · Sep 2022
Founder update stating Novel had passed $150M in annual platform volume and was being used by 1,000+ global businesses in 100+ countries.
Jobs and careers at Novel
5 jobs at Novel
Account Executive
On-site
Sales
New York, NY
4y ago
On-site
Full-time
Communications Lead
On-site
Operations
New York, NY
4y ago
On-site
Full-time
Director of Marketing
On-site
Marketing
New York, NY
4y ago
On-site
Full-time
Product Designer
On-site
Design
New York, NY
4y ago
On-site
Full-time