Novel YC Application
Novel went through Y Combinator in the Summer 2020 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.
- YC batch
- Summer 2020
- Industry
- FintechBanking and Exchange
- Team size
- 15
- Status
- Active
- Launched
- 2020
Founders
Aldrin ClementFounder- Paul ClementFounder
What Novel does
With Novel, international founders can get a U.S. business bank account, multi-currency wallets, global transfers in 140+ currencies, and more all in a single place.
Novel's YC application, reconstructed
Y Combinator application
Novel, Summer 2020 batch. The real form questions, answered from public data.
- Founders2
- Company7
- Progress7
- Idea4
- Equity3
- Curious2
- Batch Preference1
Company
Novel
Novel is your international business bank account
We built a U.S. business bank account tailored for international founders. It offers multi-currency wallets and global transfers in 140+ currencies - all in one place. Our product removes the complexity and friction international startups face when trying to bank and move money globally as if they were local US companies.
We are spread across Minneapolis, New York, Austin, and remote. Our company would remain distributed after YC, with continued remote-first operation.
Our founders and core team members originally came from different cities. Being remote and distributed lets us access talent where it lives and better support international customers who don't fit traditional banking models tied to geography.
21 more answers in the full application
Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.
Frequently Asked Questions
Is this the real Novel YC application?
No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Novel's public data (launch notes, founder backgrounds, product description). It shows how a company like Novel would present itself to YC, not the text they submitted.
What YC batch was Novel in?
Novel was part of the Y Combinator Summer 2020 batch.
Who founded Novel?
Novel was founded by Aldrin Clement, Paul Clement.
What does Novel do?
Novel is your international business bank account
How do I read the full reconstructed application?
Create a free Round Funded account. The full 26-answer version of Novel's application, and every other YC batch, is in YC Insights.
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