Novo vs Mercury: Which Should You Choose in 2026?
Choosing between Novo and Mercury comes down to understanding what each tool does best. This comparison breaks down the key differences so you can make an informed decision based on your specific needs, not marketing claims.
By Toolradar Team · Last updated February 28, 2026 · Methodology
Short on time? Here's the quick answer
We've tested both tools. Here's who should pick what:
Novo
Smarter online business banking solutions for small businesses and self-employed entrepreneurs.
Best for you if:
- • Offers a free online business checking account with no hidden fees.
- • Provides tools for invoicing, budgeting, expense management, and integrates with popular business apps.
Mercury
Banking for startups
Best for you if:
- • You want the higher-rated option (8.8/10 vs 8.0/10)
- • You need something completely free
- • Banking built for startups
- • No monthly fees or minimums
| At a Glance |  Novo |  Mercury |
|---|---|---|
Price | Free + Paid | Free |
Best For | Accounting | Accounting |
Rating | 80/100 | 88/100 |
| Feature | Novo | Mercury |
|---|---|---|
| Pricing Model | Freemium | Free |
| Editorial Score | 80 | 88 |
| Community Rating | No ratings yet | No ratings yet |
| Total Reviews | 0 | 0 |
| Community Upvotes | 0 | 176 |
| Categories | AccountingInvoicing | AccountingExpense Management |
How Novo and Mercury Compare
Novo
Smarter online business banking solutions for small businesses and self-employed entrepreneurs.
Free tier available · 80/100 score
Mercury
Banking for startups
Free · 88/100 score
Who Should Use What?
On a budget?
Mercury is free. Novo is freemium.
Go with: Mercury
Want the highest-rated option?
Novo: 80/100. Mercury: 88/100.
Go with: Mercury
Value user reviews?
Neither has user reviews yet.
Go with: Mercury
3 Questions to Help You Decide
What's your budget?
Novo is freemium. Mercury is free. Go with Mercury if free matters most.
What's your use case?
Both are accounting tools. Compare their specific features to decide.
How important are ratings?
Mercury scores higher: 88/100 vs 80/100.
Key Takeaways
Mercury
- Higher score: 88/100 vs 80
- More community upvotes (176)
- Completely free
- Our pick for this comparison
Novo
The Bottom Line
Mercury (88/100) is our pick.
Frequently Asked Questions
Is Novo or Mercury better?
Mercury scores 88/100 in our evaluation. Novo is freemium and Mercury is free.
What are Novo and Mercury used for?
Novo: Smarter online business banking solutions for small businesses and self-employed entrepreneurs.. Mercury: Banking for startups.
What does Novo cost vs Mercury?
Novo is freemium (free tier + paid plans). Mercury is completely free. Visit their websites for detailed pricing.