Novus World offers a digital banking app built on its own core banking engine that helps users generate social and environmental impact each time they spend. The app includes digital banking features, carbon tracking and offsetting, an ethical marketplace with cashbacks, and impact generation where part of revenue is shared with NGOs. It is UK FCA registered and a Certified B Corporation™, with 100+ ethical brand partners and 10 NGOs signed pre-launch. Product traction includes a live app with 200+ beta users and a waitlist of 25,000+ people. The company’s monetization strategy includes a monthly subscription, brand commission fees, interchange fees, and carbon offsetting margins, with plans to expand into impact investments, ethical business banking, premium packages, green lending and ethical savings. Novus positions itself as a “super app” for the conscious consumer, making positive impact easy and integrated with everyday payments.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2021