Where is Novel located?

Novel is headquartered in Santa Monica, United States. It is registered at 10, Bele Park, Raviwar Peth, Nashik, Nashik, Maharashtra, India, 422001.

How many employees does Novel have?

As of Apr 30, 2026, the latest employee count at Novel is 11.

Where does Novel rank among its competitors?

Novel ranks 45th amongst 263 active competitors, of which 24 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Relay, which secured $50M in May, 2026.

Who are the top competitors of Novel?

Novel's top competitors include Mercury, Brex and Tide. Among them, Relay secured the most recent funding round in May, 2026.

Novel - 2026 Company Profile, Funding & Competitors

Novel is a deadpooled company based in Santa Monica (United States), founded in 2021. It operates as a Digital bank for businesses. The company has 263 active competitors, including 24 funded and 14 that have exited. Its top competitors include companies like Mercury, Brex and Tide.

Company Details

Digital bank for businesses. It offers banking services for freelancers, software companies, e-commerce companies & agencies. Its services include business accounts, merchant payments with multi-currencies, competitive FX rates, virtual prepaid & credit cards; a dashboard to monitor invoices, transactions, accounts, teams, and more.

Website: trynovel.com
Social
Email ID: *****@trynovel.com
Registered Address: 10, Bele Park, Raviwar Peth, Nashik, Nashik, Maharashtra, India, 422001

Key Metrics

Founded Year

2021

Location

Santa Monica, United States

Stage

Deadpooled

Investors

Purpose Built Ventures

Ranked

45^th among 263 active competitors

Employee Count

11 as on Apr 30, 2026

Similar Companies

Mercury & 193 more

View Novel's full profile

Novel is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NOVEL FINANCIAL SOLUTIONS PRIVATE LIMITED CIN: U93000MH2012PTC237134 , India, Active	Oct 23, 2012	₹10 - ₹50 Cr (As on Mar 31, 2025)	-

Novel is a funded company. Novel has 1 institutional investor.

View details of Novel's funding rounds and investors

Novel's employee count trend

Novel has 11 employees as of Apr 26. Here is Novel's employee count trend over the years:

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Top competitors of Novel include Mercury, Brex and Tide. Here is the list of Top 10 competitors of Novel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mercury 2017, San Francisco (United States), Series D	Provider of a comprehensive online platform offering a range of financial services	$546M	TCV, CRV & 78 others	83/100
2nd	Brex 2017, San Francisco (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	Greenoaks, DST Global & 68 others	81/100
3rd	Tide 2015, London (United Kingdom), Series C	Digital business banking platform	$181M	Augmentum Fintech, Apax & 45 others	80/100
4th	BlueVine 2013, Redwood City (United States), Series F	Provider of business checking accounts, business loans, and business credit cards	$288M	83NORTH, Lightspeed Venture Partners & 28 others	80/100
5th	OakNorth Bank 2015, London (United Kingdom), Series C	Digital bank empowering entrepreneurs and savers with smart tools	$962M	The Clermont, Indiabulls Housing Finance ... & 17 others	74/100
6th	Grasshopper Bank 2016, New York City (United States), Acquired	Provider of online internet first business bank	$219M	Patriot Financial Partners, glendoncap.com ... & 11 others	73/100
7th	Relay 2018, Toronto (Canada), Series C	Digital business banking platform that helps small businesses manage cash flow with multi-account structures	$102M	Bain Capital Ventures, Better Ventures & 12 others	72/100
8th	Rho Business Banking 2010, New York City (United States), Series B	Developer of a digital bank for businesses	$235M	M13 Company, Dragoneer Investment Group & 21 others	68/100
9th	Found 2019, San Francisco (United States), Series B	Accounting and bookkeeping management solutions for small businesses	$119M	Sequoia Capital, Founders Fund & 5 others	67/100
10th	Novo 2016, Miami (United States), Series C	Provider of a partnership-based digital banking platform	$298M	Crosslink Capital, Rainfall Ventures & 14 others	66/100
45th	Novel 2021, Santa Monica (United States), Deadpooled	Digital bank for businesses	-	Purpose Built Ventures	29/100