Novo and Alignable Announce Partnership to Accelerate Small Businesses Growth

IAMI, March 9, 2023 — Novo, the powerfully simple® financial platform for small businesses, and Alignable, the small business referral network with more than 7.8 million SMB owners, announced their partnership today. 

“Financial literacy in the SMB community is so important, but oftentimes business owners feel unsure of where to start,” said Gesy Rangel, Director of Community at Novo. “Our goal is to make this knowledge accessible, as well as usable. The Alignable community has shown that there is a demand for this information, and Novo is honored to be the partner that bridges this gap.”

Alignable will be the supporting platform for the Novo Community Group, a place for Novo’s small business customers to connect, access knowledge, and support each other. Additionally, Novo is bringing the company’s financial literacy knowledge and connections to Alignable’s seven million members through the Business Essential Education Series. 

“This Novo partnership is a great way to help our members learn the best techniques to manage their money as 2023 forges ahead,” commented CEO and Co-founder of Alignable, Eric Groves. “Novo’s webinars have been very informative and hugely popular among our members, and we’re looking forward to much more robust participation in the webinars and in the Novo Community Group moving ahead. Novo’s Community Group is already off to a tremendous start with 2,500+ members, and I’m sure that number will increase exponentially as more Alignable members seek sage advice about navigating the economic ups and downs of 2023.”

Added Michael Rangel, CEO and Co-founder of Novo, “The small business growth we've seen in the last few years has been extraordinary, and with big tech companies continuing to layoff thousands of workers, I expect to see small business creation accelerate in 2023 and beyond. Together, Novo and Alignable will help millions of small businesses across the U.S. build community, gain new customers, and improve their financial outlooks.”

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About Novo

Novo Platform, Inc. (“Novo”) is the powerfully simple checking account and financial technology platform built for small businesses. To learn more, visit www.novo.co.

Novo is a fintech, and not a bank. Novo acts as a service provider to Middlesex Federal Savings, F.A.; Member FDIC, and the deposit and banking products obtained through the Novo platform are provided by Middlesex Federal Savings, F.A.

Middlesex Federal Savings, F.A. is a federal savings bank and an FDIC-insured depository institution (FDIC Certificate 28368). Deposits made at Middlesex Federal Savings, F.A. through the Novo platform receive FDIC insurance protection on a pass-through basis up to the applicable legal limit. When determining the amount of your deposits covered by FDIC insurance, please note all deposits you make through the Novo platform will be aggregated with all deposit accounts of the same ownership and/or vesting held at Middlesex Federal Savings, F.A. and Middlesex Federal Savings, F.A. brands. Additional information regarding FDIC insurance coverage is available at www.fdic.gov.

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About Alignable

Alignable is the online network where small business owners across North America drive leads and prospects, generate referrals, land new business, build trusted relationships, and share great advice. Members use Alignable to get the industry answers they need, connect within their local business community or across the country, and increase buzz for their business.

To learn more about Alignable, please visit us at www.alignable.com