NovoPayment

Overview
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FinTech Infrastructure?
Product stageSegments
Early
?
Banking services
?

NovoPayment offers a multi-currency, multi-country, banking-as-a-service (BaaS) infrastructure platform for financial institutions, merchants, neobanks, and marketplaces. The infrastructure covers digital banking, payments (via Visa Direct, Mastercard Send, ACH, and SWIFT), and card solutions (to issue and manage prepaid, debit, and credit cards).


The Miami-based company primarily focuses on the Latin American region and is present in 14 markets (as of April 2022). It generated around 85% of its revenue from the region as of September 2021, with the remainder coming from the US. Its revenue in 2021 reportedly amounted to “tens of USD millions.”

NovoPayment is connected to over 60 endpoints (as of April 2022) and claims that users can build banking solutions in under a month, using the platform. The company’s customer base grew by 40% in 2021 and then reached about 50 customers in April 2022.

NovoPayments raised USD 19 million in Series A funding in April 2022 co-led by Fuel Venture Capital and IDC Ventures to invest in product development, broadening its partner network, expanding its customer base in the US and Latin America, and recruitment.

HQ location:
3250 Mary Street Suite 103 Miami FL USA
Founded year:
2007
Employees:
251-500
IPO status:
Private
Total funding:
USD 169.7 k
Last Funding:
USD 169.7 k (Series A; Apr 2022)
Last valuation:
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