# NovoPayment

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novopayment

- Industry: Financial Services
- Headquarters: Miami, US
- Website: www.novopayment.com
- Total disclosed funding: $19M
- Latest round: Series A (Apr 18, 2022)
- Investors on record: 5

## About

NovoPayment, Inc. delivers digital financial services focused on enabling digital banking and enhancing payment processing for businesses and financial institutions across the Americas, particularly in the US and Latin America.Founded in 2007 and headquartered in Miami, US, NovoPayment, Inc. specializes in digital banking solutions and payment processing services. The company has secured a total of USD 20.00 mn through three funding rounds, with the most recent being a Series A round in September 2024, which raised USD 19.00 mn from investors including Bossa Nova Investimentos and Visa Ventures. Anabel Perez, the founder, has a history of creating impactful financial tech solutions.NovoPayment specializes in providing a comprehensive suite of digital financial services aimed at facilitating the launch and operation of digital banks and enhancing payment processing capabilities. Their core offerings encompass digital banking solutions, enabling online account opening, retail and commercial banking, and various online banking interfaces. Additionally, they provide digital wallets, business intelligence tools, and services for payment acquisition, including payment gateways and card solutions. NovoPayment's products are designed to serve a diverse client base including financial institutions, modern marketplaces, and businesses across multiple industries in the Americas, particularly in the U.S. and Latin America. Their solutions are tailored to address specific use cases such as bank modernization, embedded finance, and cross-border payments, ensuring a user experience that aligns with the needs of today’s consumers.NovoPayment's revenue generation is structured around the provision of their financial services through a blend of subscription models and partnerships with various clients, including banks and retailers. The firm engages in B2B transactions by delivering tailored financial solutions that enable clients to capture payments efficiently and issue cards, both virtual and physical. Revenue is derived from transaction fees associated with payment processing, as well as fees for value-added services like card tokenization and push provisioning. The company's products, such as their digital banking solutions and card issuing services, are central to their revenue model, with pricing plans set according to the specific services utilized by their clients and the volume of transactions processed.In September 2024, NovoPayment, Inc. raised USD 20 million of venture debt funding from new investor MS Private Credit Administrative Services LLC. The company will use the funding to support its growth and expansion efforts. This includes the development of new products aimed at enhancing their current offerings, as well as expanding into new markets in Latin America and the Caribbean by the end of 2025.

## Funding rounds

- Series A, Apr 18, 2022, $19M — Endeavor Catalyst, Fuel Venture Capital, Bossa Nova Investimentos, Visa Ventures, IDC Ventures

## Investors

- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series A
- Fuel Venture Capital (https://capitalatlas.ai/funds/fuel-venture-capital) — Series A
- Bossa Nova Investimentos (https://capitalatlas.ai/funds/bossa-nova-investimentos) — Series A
- Visa Ventures (https://capitalatlas.ai/funds/visa-ventures) — Series A
- IDC Ventures — Series A