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Does Novo accept unlicensed financial services businesses? (October 2026)

No

As of October 6, 2026, Novo Platform Inc. (FDIC (partner bank Middlesex Federal Savings)) does not accept unlicensed financial services businesses, per its published policy.

What the policy says

Money service businesses (MSBs)

Novo · Financial services without a licence · Will not accept · · Source

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What founders report

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