Novel
Novel, formerly known as Jumpstart Filings Inc., is a fintech company based in the United States, offering banking services including demand deposit accounts and debit cards through its website.
Company Overview
Novel, formerly known as Jumpstart Filings Inc., is a fintech company that provides banking and financial services through its website. With locations in Minneapolis, MN, New York, NY, Austin, TX, and a strong remote team presence, the company serves regions across the United States, America/Canada, and fully remote areas. Novel offers secure banking solutions, including a demand deposit account and debit cards provided by financial institution partners.
Industry and Sub-industry
Novel operates within the fintech industry, specifically focusing on banking and financial exchanges. Since its inception, the company has integrated technology with traditional financial services, enhancing user access and security. Being part of the Y-Combinator S20 batch underscores its commitment to innovation and market disruption.
Security and Compliance
Novel maintains stringent security measures to ensure data integrity and privacy. The company's infrastructure is hosted entirely on Amazon Web Services (AWS), which supports SOC2 certification for rigorous auditing of organizational and technology controls. All data is encrypted both in transit (TLS 1.2) and at rest (AES-256-GCM). Novel's application logs record employee access to customer data, and all employees complete security training and undergo background checks. Additionally, physical security keys are required for login to internal and external services.
Bug Bounty Program and Security Initiatives
To continuously enhance its security posture, Novel operates a bug bounty program through Federacy, inviting security researchers to identify and report vulnerabilities. This proactive approach ensures that potential security threats are addressed promptly, maintaining a secure environment for users while optimizing application performance and user experience.
Team and Culture
Novel has a team size of 15 employees who are strategically located in Minneapolis, MN, New York, NY, Austin, TX, and across various remote locations. The company emphasizes a culture of security and trust, with mandatory background checks and security training for all employees. This focus on security extends to their technical practices and physical access controls, fostering a safe and compliant working environment.
