Full-Time
Credit Analyst
S&A Credit Team
Posted on 9/4/2025
Novo
201-500 employees
SMB-focused online banking with payments
Compensation Overview
$125k - $135k/yr
New York, NY, USA
In Person
 Finance & Banking (2) |
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- 1.5+ years of experience in credit analytics roles at leading financial institution or fintech
- Deep experience with credit card or loan unit economics and P/L drivers, multiple types of lending products a plus
- Hands-on experience with credit model development, deployment and usage
- Proficiency in SQL
- Strong analytical skills with the ability to coherently communicate the resulting recommendations and deliverables
- Highly motivated and comfortable working in a fast-paced, dynamic environment with a high degree of autonomy and ambiguity
- Proven track record of professional success from junior to senior analyst
- Owning credit product unit economics, underwriting policies and models
- Identifying new opportunities for growth and efficiency improvements from both credit policy and product strategy sides
- Analyzing data to generate actionable insights that inform product roadmap, marketing spend, and lending capital investments
- Collaborating with cross-functional teams, including Product, Marketing, Finance, and Risk, to implement and evaluate current and future initiatives
- Taking ideas from concept (0) to market (1) to get real-world feedback and refine established strategies based on actual performance
- Working with finance to manage relationships with capital markets, vendors, and bank partners
- Experience overseeing the performance of a revolving credit product portfolio
- Experience in high-growth startup
- Proficiency in Python
Novo provides a digital banking platform for businesses, offering a full suite of online banking services in one place. It supports debit cards, payments, and incoming funds, plus Novo Reserves to automatically allocate funds into separate budgets, helping businesses manage cash flow. Novo earns revenue mainly through Novo Boost, which speeds up Stripe payments by about 95%, accelerating access to revenue for reinvestment. The platform also integrates with popular tools such as QuickBooks, Gusto, and Hubspot to simplify workflows. Customer deposits are insured up to $250,000 by Middlesex Federal Savings, enhancing security. The goal is to deliver cost-free, transparent banking services while improving cash flow and operational efficiency for small to medium-sized businesses.
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$296.5M
Headquarters
Miami, Florida
Founded
2016
Simplify's Take
What believers are saying
- Novo Payroll launched 2024 streamlines wages, taxes, direct deposits.
- Delaware office expansion 2024 boosts East Coast operations.
- Integrations with Xero, Shopify, Etsy expand e-commerce reach.
What critics are saying
- Middlesex Federal failure freezes deposits, halts operations within 12 months.
- Stripe terminates Boost partnership, kills revenue in 18 months.
- Mercury launches free payroll checking, commoditizes Novo in 12 months.
What makes Novo unique
- Novo integrates payroll via Check, fully embedded in banking platform.
- Novo Boost accelerates Stripe payments 95% faster for cash flow.
- Novo Reserves automates fund allocation for budgeting efficiency.
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Benefits
Hybrid Work Options
Growth & Insights and Company News
6 month growth
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↑ 0%2 year growth
↑ 1%NovoPayment, a Miami-based fintech company, secured $20M in non-equity financing from Morgan Stanley Expansion Capital. This investment will aid in scaling and expanding NovoPayment's commercial partnerships. The company, which raised $19M in Series A funding in 2022, operates in 15 markets across Latin America, the Caribbean, and the U.S. The funding will support innovation and service expansion, enhancing its position in the embedded finance market.
1SellersFi now can provide Amazon e-commerce sellers with significant credit linesSellersFi, the Weston-based e-commerce fintech scaleup, today announced a financing solution with Amazon that will provide eligible Amazon sellers with access to credit lines of up to $10 million through Amazon Lending.“SellersFi was launched seven years ago to address e-commerce sellers’ paramount challenge: to secure the right capital to grow their businesses,” said Ricardo Pero, co-founder and CEO of SellersFi. “This relationship with Amazon highlights our dedication to transforming e-commerce financing to empower small and medium-sized businesses with the accessible financial tools they need to focus their energy and aspirations on amplifying their businesses and attaining exceptional growth.”Hurdles that sellers face in building successful online businesses include competition, order fulfillment, visitor conversion, marketing and others. Even when effectively addressing those factors, however, nearly a third of e-commerce startups fail due to running out of money, according to research by Marketing Signals. These lines of credit from SellersFi and Amazon Lending are meant to support sellers experiencing such challenges.SellersFi currently offers working capital, prepaid debit cards and digital wallets with insurance, business credit and debit, and checking accounts in the pipeline.READ MORE: Scaleup SellersFi closes $300M credit facility, plus equity raise from Citi and Mitsubishi2JourneyTrack closes $2 million seed roundAnia Rodriguez and her team have built a SaaS experience management platform to help companies deliver exceptional experiences for their customers. Her startup JourneyTrack enables companies to create personas and end-to-end customer journeys.Refresh Miami reported in October that JourneyTrack had raised $1.5 million in seed funding. Now the Miami based startup has closed its $2 million seed round that was led by Portland-based Elevate Capital and included Orlando-based through DeepWork Capital.“What JourneyTrack does is allows these end-to-end experiences to be understood and tracked and connected across different divisions, which is a huge pain point that exists today,” said Rodriguez, JourneyTrack’s CEO who gained key insights as a longtime user experience consultant for Fortune 1000 companies, told Refresh Miami in an earlier interview
Novo launches their new 'Nucleus' line at NAMM 2024.
NEW YORK MIAMI--(BUSINESS WIRE)--Novo, the powerfully simple® financial solutions platform for small businesses, today announced Novo Payroll. Working with Check, the leading payroll infrastructure company that pioneered the ability for platforms to embed payroll into their products, Novo has launched a payroll solution that is fully integrated into Novo’s platform of small business banking, budgeting, and working capital solutions, enabling small businesses to manage their finances from a single platform. “Traditional small business payroll solutions consist of standalone applications characterized by high fees, burdensome cash-on-hand requirements, and either clunky or non-existent integrations between payroll and business bank accounts,” said Michael Rangel, founder and CEO of Novo. “In collaboration with Check, we built a payroll solution that simplifies and speeds up the process of paying small business employees.". Novo leveraged Check’s embedded payroll API to build Novo Payroll. With coverage in all 50 states, Novo Payroll streamlines the entire payroll process, from calculating wages to facilitating direct deposits and managing tax withholdings
Novo, a financial solutions platform for small businesses, launched Novo Payroll, which allows any of its customers to run payroll directly from a checking account.