Comparison
Novo vs Mercury
A side-by-side look at Novo and Mercury — pricing, regions, integrations, pros and cons. Use the recommender if you'd rather have an AI pick for you.
Novo
Business banking for entrepreneurs.
Novo is a US small business banking platform with integrations to Stripe, Shopify, QuickBooks and more.
Mercury
Banking built for startups.
Mercury is a tech-forward business bank for startups, offering checking, savings, treasury, debit cards and the IO charge card with up to 1.5% cashback.
Side-by-side
| Spec | Novo | Mercury |
|---|---|---|
| Tagline | Business banking for entrepreneurs. | Banking built for startups. |
| Headquarters | New York, USA | San Francisco, USA |
| Founded | 2016 | 2017 |
| Regions | US | US |
| Card type | Mastercard debit | Debit + IO Credit |
| Pricing | Free. | Banking free; Mercury IO requires $25k+ avg balance. |
| Rewards | — | 1.5% cashback on Mercury IO. |
| Best for | US small businesses, Freelancers | US-incorporated startups, VC-backed companies, Remote founders |
| Integrations | QuickBooks, Xero, Shopify, Stripe | QuickBooks, Xero, NetSuite |
Novo: pros & cons
- Truly free
- No credit
Mercury: pros & cons
- Best banking UX for startups
- No monthly fees
- Strong treasury product
- US incorporation required
- Not a traditional bank — partner bank model