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NovoPayment has raised $20.2M across 2 funding rounds.
Key people at NovoPayment.
NovoPayment has raised $20.2M in total across 2 funding rounds.
NovoPayment provides a Banking as a Service (BaaS) platform, offering core solutions for digital banking, payments, and card issuance. It enables financial institutions and businesses to deploy diverse digital financial products. The platform facilitates instant card issuance and payment processing for credit, debit, and prepaid programs, addressing modern financial challenges.
The company emerged from recognizing the evolving digital finance landscape and the market need for integrated solutions. Its establishment rooted in the insight that modernizing traditional financial infrastructure via an API-driven, modular approach empowers clients to innovate and extend their brand. This focus quickly established NovoPayment as a category leader.
NovoPayment serves financial entities and enterprises enhancing digital offerings and optimizing operations. Its vision centers on shaping the future of payments by providing essential technology. It enables clients to create seamless, efficient, innovative financial experiences, resolving challenges and driving engagement and operational efficiency via its ecosystem.
NovoPayment is a Miami-based fintech company specializing in Banking-as-a-Service (BaaS) platforms that provide a full-stack, API-driven solution for digital banking, payments, and card issuance. It serves banks, financial institutions, neobanks, digital merchants, and fintechs primarily across Latin America, the Caribbean, and the United States. NovoPayment’s platform enables clients to launch and manage multi-currency, multi-country financial services rapidly, solving the problem of fragmented financial infrastructure in the Americas by offering a unified, scalable, and secure cloud-based system. The company has demonstrated strong growth, with a 40% increase in customer count in recent years and revenues in the tens of millions, positioning itself as a category leader in the banking and payments vertical[1][2][3].
Founded in 2007 by Anabel Perez, a Venezuelan-born entrepreneur with over 20 years of experience in banking and payments, NovoPayment emerged from the need to transform how financial services and payments were built and delivered across the Americas. Perez and her team focused on creating a technology stack that integrates critical banking processes into a single platform, enabling financial institutions to offer digital services without relying on multiple vendors. Early traction included expansion into 14 markets over eight years and partnerships with major players like Visa, Mastercard, and the Inter-American Development Bank (IADB), which helped validate and scale the platform[3][6][7].
NovoPayment rides the wave of digital transformation in banking and payments, particularly the rise of BaaS platforms that enable rapid deployment of financial services via APIs. The timing is critical as Latin America’s financial ecosystem is highly fragmented, with many underserved markets needing scalable, integrated digital infrastructure. NovoPayment’s presence in Miami positions it as a gateway between the U.S. and Latin America, facilitating cross-border financial services and inclusion. Its platform supports the growing demand for neobanks, digital wallets, and instant payment solutions, aligning with global fintech trends toward embedded finance and open banking[1][6][8].
Looking ahead, NovoPayment is poised to accelerate growth by expanding its capabilities, enhancing security, and deepening penetration in the U.S. and Latin American markets. Trends such as increased digital adoption, regulatory support for fintech innovation, and demand for seamless cross-border payments will shape its trajectory. The company’s ability to bundle comprehensive financial services on a single platform gives it a competitive edge to influence the digital banking ecosystem significantly. As it continues to innovate and scale, NovoPayment may become a foundational infrastructure provider for the Americas’ evolving financial landscape[3][6].
In summary, NovoPayment’s decade-plus focus on building a robust, scalable BaaS platform tailored to the Americas’ unique needs positions it as a key enabler of digital financial inclusion and innovation in the region.
NovoPayment has raised $20.2M in total across 2 funding rounds.
NovoPayment's investors include Pete Chung, Fuel Venture Capital.
NovoPayment has raised $20.2M across 2 funding rounds. Most recently, it raised $20.0M Other Equity in November 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 13, 2024 | $20M Venture Round | Pete Chung | — | Announced |
| Apr 1, 2022 | $170K Series A | Fuel Venture Capital | — | Announced |
Key people at NovoPayment.
