Tech is about creating big companies, solving problems at scale and building the next billion-dollar company. But what about using technology to propel small companies like micro businesses and freelancers? Launched in 2018, Miami-based Novo has raced to a valuation of $700 million and named to Forbes’ Fintech 50 this year. Novo may well be Miami’s next unicorn by serving businesses that range from one employee to about ten. And there is no telling how far this can go. Indeed, forty percent of the private sector are small businesses, but they’ve traditionally been underserved by banks. Co-founder and CEO Michael Rangel joined us to explain.
