Morgan Stanley Expansion Capital has invested $20 million in NovoPayment, a provider of embedded financial and payment infrastructure services.
NovoPayment is a SaaS company that collaborates with banks, financial institutions, neo-banks, digital merchants, and fintechs. Its flagship platform provides a comprehensive suite of tools, including digital wallets, instant issuance of deposit accounts, virtual cards, real-time payments (RTP), cross-border transfers, digital lending, and cash management. With its headquarters in the US, NovoPayment operates across 15 markets in North America, Latin America, and the Caribbean.
Anabel Perez, CEO of NovoPayment, stated, “As the financial services landscape continues to evolve, we believe NovoPayment is well-positioned to compete in the embedded finance market by reducing friction and driving efficiency.” Pete Chung, Managing Director and head of Morgan Stanley Expansion Capital, added, “The company’s mission-critical infrastructure enables the modernization of marquee banks and financial institutions in the region through a comprehensive, full-stack platform.”