Anova Financial Corp.

Financial ServicesTexas, United States2-10 Employees

Anova Financial Corp. operates as a wholesale funding provider serving community banks, offering a cost-effective funding channel that requires no collateral and imposes no credit limits. The arrangement centers on maintaining a single master money market deposit account at each bank for the benefit of various depositors, enabling banks to manage funding requests through simple wire or ACH processes handled by ANOVA. The company positions itself within the financial services sector by facilitating new deposits sourced from its own nationwide and international deposit gathering efforts, while also offering related services such as reciprocal exchange programs, FDIC insured money market sweeps, and treasury services for participating banks.

 Based in Austin, Texas, Anova Financial Corp. targets community banks seeking wholesale funding solutions that enhance liquidity and deposit safety for depositors, with rates indexed to LIBOR and adjusted monthly. The network-driven model emphasizes safety and accessibility, providing banks with straightforward, scalable funding and a suite of ancillary services, supported by a small company footprint focused on its niche funding ecosystem.

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