Case Study: Novo launches fast small business funding with Taktile

Novo leverages Taktile to launch Novo Funding for small businesses

Novo, a financial platform for small businesses, wanted to launch a fast, flexible working capital product for customers who often struggle to access capital through traditional lenders. To bring this new offering to market quickly, Novo used Taktile’s automated decision platform to build Novo Funding from scratch.

With Taktile, Novo’s credit and engineering teams collaborated in a low-code environment to implement credit policies, connect data sources like Experian, and automate nearly 100% of decisions. Taktile helped Novo launch Novo Funding in under 3 months, complete applications in under 10 minutes, and deliver reviews within 24 hours; in pilot, thousands of small business owners accessed more than $35 million.

Novo

Michael Rangel

Founder & Chief Executive Officer