Compare Novo and Found

How do Novo and Found compare?

Novo and Found are two mobile banks designed to meet the needs of small businesses and freelancers, each offering unique features and benefits. Novo stands out with its no-fee banking experience, making it an attractive option for startups and entrepreneurs looking to avoid unnecessary costs. It offers seamless integration with popular business tools like QuickBooks, Stripe, and Shopify, which simplifies financial management and accounting. Novo's user-friendly app provides robust functionalities, including instant notifications for transactions, easy transfers, and check deposits. The bank also provides free ACH transfers, mailed checks, and access to a wide network of ATMs, making it convenient for users to manage their finances on the go.

Found, on the other hand, positions itself as a comprehensive financial management solution tailored specifically for freelancers and self-employed individuals. It not only provides basic banking services but also incorporates features like automatic expense tracking, tax-saving tools, and invoicing capabilities. Found’s app is designed to help users keep track of their income and expenses effortlessly, with an intuitive interface that categorizes transactions automatically. This is particularly beneficial for those who need to stay on top of their finances for tax purposes. Additionally, Found offers real-time insights into earnings and spending patterns, which can aid users in making informed financial decisions.

While both Novo and Found offer valuable services, their core strengths cater to slightly different audiences. Novo is ideal for small businesses and entrepreneurs seeking a straightforward, fee-free banking experience with powerful integrations. Found is better suited for freelancers and self-employed individuals who need comprehensive financial management tools to simplify their bookkeeping and tax processes. Ultimately, the choice between the two will depend on the specific needs and preferences of the user, with Novo excelling in cost efficiency and business tool integration, and Found leading in financial tracking and management for individual professionals.