NovoPayment, a Miami, FL-based financial and payment infrastructure service provider, received a $20M investment from Morgan Stanley Expansion Capital.
The company intends to use the funds to accelerate its scale and expansion of commercial partnerships.
Led by CEO Anabel Perez, NovoPayment specializes in banking and payment vertical (SaaS) platforms that enable digital financial and transactional services to support various use cases. Its bank-grade solutions use APIs and other flexible delivery models to help banks, financial institutions, merchants, networks, marketplaces, neobanks, and other financial service providers to leverage their existing infrastructure to generate new deposits, transaction streams, and customer experiences.
NovoPayment’s flagship platform offers a comprehensive suite of solutions ranging from digital wallets, instant issuance of deposit accounts and virtual cards to RTP, cross-border transfers, digital lending and cash management. The company serves 15 markets across Latin America, the Caribbean and the United States.
NovoPayment has previously secured funding from investors including IDCV, Fuel Venture Capital, IDB, Visa and Endeavor Catalyst.
