Novel was founded by Aldrin Clement, Paul Clement in 2021.

Who are Novel's investors?

Novel's investors include Neer Venture Partners, Y Combinator, Altaclub VC, AltaIR Capital, Craft Ventures, Flexpoint Ford, Foundation Capital, Gaingels and 6 more.

Where is Novel headquartered?

Novel is headquartered in Minneapolis, US.

Novel

YC S20

Minneapolis, US · Founded 2021 · 15 employees · 14 known investors

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Novel provides U.S. business banking services to international entrepreneurs, including multi-currency accounts and cross-border payment capabilities across 140+ currencies.

Also known as Jumpstart Filings Inc.

Fintech SaaSUnited States of AmericaAmerica / CanadaFully Remote

Founders & leadership· Y Combinator alumni (S20)

Novel was founded in 2021 by Aldrin Clement and Paul Clement.

Aldrin Clement FounderAldrin Clement founded Jumpstart (YC S20) and previously worked at Deloitte Consulting.

Paul ClementFounderuntil 2024

Investors · 14

Neer Venture Partnerslisted by Neer Venture Partners$100K – $500K

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

Altaclub VCreported$200K

How we know: Y Combinator's founder network · Not right? Tell us

AltaIR CapitalreportedHerzliya

How we know: Y Combinator's founder network · Not right? Tell us

Craft VenturesreportedSan Francisco · $50K – $50M

How we know: Y Combinator's founder network · Not right? Tell us

Flexpoint FordreportedChicago

How we know: press coverage · Not right? Tell us

Foundation CapitalreportedPalo Alto · $250K – $15M

How we know: Y Combinator's founder network · Not right? Tell us

GaingelsreportedNew York · $200K – $500K

How we know: funding news · Not right? Tell us

Green Meadow VenturesreportedWest Hollywood · $500K – $3M

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Kleiner PerkinsreportedMenlo Park · $500K – $15M

How we know: Y Combinator's founder network · Not right? Tell us

PETER FISHMANreportedSan Francisco

How we know: Y Combinator's founder network · Not right? Tell us

Purpose Built VenturesreportedLos Angeles · $500K

How we know: Y Combinator's founder network · Not right? Tell us

StormbreakerreportedArvada

How we know: Y Combinator's founder network · Not right? Tell us

Ulu VenturesreportedPalo Alto · $2M

How we know: funding news · Not right? Tell us

Funding

SEC filings, press & company announcements

Undisclosed amountPre-Series AMay 2024
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Related companies · 5

Human InterestHuman Interest provides a software platform for 401(k) retirement savings plans, designed to help small and mid-sized businesses offer affordable retirement benefits to their employees.

CherryCherry operates a platform that allows companies to allocate budgets for personalized employee benefits from popular consumer services like entertainment and fitness apps, giving workers control over which perks match their preferences.

FintocFintoc provides an API for businesses to automate payment identification, reconciliation, and transfers in Mexico, enabling large-scale collection and disbursement of SPEI transfers. The platform serves over 1200 companies with features for treasury management, batch payments, and fraud prevention.

CaribouCaribou provides transfer pricing services and tax compliance support for scaling companies, handling transfer pricing design, accounting entries, VAT, permanent establishment, and R&D eligibility in a single engagement.

QuotaBookQuotabook provides investor relations management software for Korean startups and enterprises, enabling end-to-end management of fundraising, investor reporting, and financial data. The platform connects with 80% of domestic investors and integrates with KiiPS, South Korea's leading investor communication system.

Companies working in the same space as Novel.

Legal entities · 1

corporate structure

Jumpstart Filings Inc.

In the news

Novel, Your International Business Bank Account 🌍 🌎ycombinator.com · Oct 2022

Frequently asked questions

What does Novel do?: Novel provides U.S. business banking services to international entrepreneurs, including multi-currency accounts and cross-border payment capabilities across 140+ currencies.
Who founded Novel?: Novel was founded by Aldrin Clement, Paul Clement in 2021.
Who are Novel's investors?: Novel's investors include Neer Venture Partners, Y Combinator, Altaclub VC, AltaIR Capital, Craft Ventures, Flexpoint Ford, Foundation Capital, Gaingels and 6 more.
Where is Novel headquartered?: Novel is headquartered in Minneapolis, US.