legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Novo Expands to Wilmington, DE

Novo, a financial solutions platform provider for small businesses, recently opened a Wilmington office as part of its expansion plans. The company, founded in 2016 by Michael Rangel and Tyler McIntyre, is now headquartered in Miami. Novo’s platform for small businesses combines a checking account with various business services, such as invoicing and financing options, while also integrating with payroll services. The company ranked No. 38 on the 2023 Inc. 5000 list of fastest-growing private companies, with a three-year growth rate of 9,906%. Novo was also named to the Forbes Fintech 50 list in both 2022 and 2023. With over $20 billion in small business transactions and more than 200,000 customers, Novo has developed integration partnerships with leading online retailers Amazon and gig economy platform Fiverr, among others. Additionally, Novo Funding, a product offering loans to small businesses for working capital, has issued more than $70 million since its launch. In May, the company opened an outpost location at the Stat International co-working space on Orange Street in Wilmington and has hired a dozen employees since then. According to an announcement by the Delaware Prosperity Partnership, Novo will continue to grow the office in the coming years. The company is also hiring for collections and servicing specialists in Wilmington, and has expressed its commitment to being a part of Delaware’s thriving small business community.

How AI legalese decoder can help

AI legalese decoder can assist Novo in ensuring that its legal documents and contracts are accurately transcribed and understood. Novo can use the AI legalese decoder to streamline the process of reviewing and interpreting complex legal language, contracts, and agreements. Additionally, the platform can help Novo identify potential legal risks and liabilities, ensuring that the company’s legal documents are compliant with industry regulations and standards.

Wilmington’s Fintech Industry

Delaware, and Wilmington in particular, are home to some of the largest fintech operations in the country. Novo’s expansion to Wilmington highlights the city’s growing reputation as a hub for financial technology companies. To capitalize on this industry, the University of Delaware recently opened the FinTech Innovation Hub on its Newark campus to advance financial service technology design, operations, and security research and instruction in the First State. Gov. John Carney expressed his support for Novo’s decision to expand to Wilmington, stating that the move demonstrates the state’s efforts to attract and support businesses. Novo’s presence in Wilmington contributes to the region’s status as a leading destination for fintech companies.

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link