Nova
Nova is a financial app that consolidates users' existing credit cards into a single platform, enabling them to pay for anything—including Pix and boletos—and split transactions into up to 12 installments. The app mirrors users' available credit limits without requiring a new bank account, and lets them choose which transactions to parcelar up to 24 hours after purchase.
- Financial Technology
- Software Only
Funding
Founders
Product
Problem
Consumers often face restrictions when trying to use credit cards, such as merchants that do not accept card payments or do not offer installment options. This limits their ability to pay for large purchases flexibly and forces them to rely on cash, debit, or other less convenient payment methods.
Solution
Nova provides a mobile app that connects users' existing credit cards into one unified platform, creating a single "Nova Card" that mirrors the available limits of their linked cards. Users can use this card anywhere credit cards are accepted, including for Pix and boleto payments, and then choose which transactions to split into up to 12 installments directly from the app. The service does not require users to switch banks or open new accounts, and it preserves all existing card benefits and loyalty miles. After a purchase, users have up to 24 hours to select and parcelar any transaction, offering flexibility without the pressure of deciding at the point of sale.
Target Audience
Primary users are individual consumers in Brazil who hold existing credit cards and want greater flexibility in how they pay, particularly for large purchases or payments to merchants that do not accept cards or offer installments.
Features
- Aggregates multiple existing credit cards into a single app and card, mirroring the combined available credit limits
- Enables card payments for Pix and boletos, which are typically not accepted by merchants as card transactions
- Allows users to split any transaction into up to 12 installments, even when the merchant does not offer that option
- Provides a post-purchase window of up to 24 hours to choose which transactions to parcelar
- Works with standard POS terminals and online checkouts, with charges applied to the user's original card statements
- No monthly fees and no requirement to open a new bank account or switch financial institutions