NovoPayment
Founded Year
2007Stage
Series A | AliveTotal Raised
$19.25MLast Raised
$19M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-137 points in the past 30 days
About NovoPayment
NovoPayment specializes in providing Banking as a Service (BaaS) platforms, focusing on digital financial and transactional services. The company offers a suite of bank-grade solutions including digital banking, payment processing, card issuing, and risk management services, all designed to integrate with existing systems to enhance financial operations and customer experiences. NovoPayment primarily serves banks, financial institutions, merchants, and other financial service providers looking to digitize and modernize their services. It was founded in 2007 and is based in Miami, Florida.
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NovoPayment's Product Videos
NovoPayment's Products & Differentiators
Card Issuing, Switching, and Transaction Processing
Card issuance and payment processing for prepaid, debit, or credit cards. Support Visa, Mastercard, or closed loop networks with physical and/or virtual card issuance. Extend the ability for clients to self-serve and implement transaction controls, card blocking and unblocking, and much more.
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Research containing NovoPayment
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned NovoPayment in 1 CB Insights research brief, most recently on Jan 4, 2024.
Jan 4, 2024
The core banking automation market mapExpert Collections containing NovoPayment
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
NovoPayment is included in 3 Expert Collections, including Payments.
Payments
3,034 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
9,304 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Digital Banking
917 items
Latest NovoPayment News
Jun 23, 2024
Anabel Perez, CEO and Co-founder, NovoPayment Anabel Perez, born and raised in Venezuela, was inspired by the financial struggles she witnessed firsthand across Latin America to launch NovoPayment, a cloud-based banking-as-a-service platform, in 2007. Now, 17 years later and more than 600 million transactions processed, she is diligently working to keep the growth going. Providing underserved communities with access to digital financial services was at the core of Perez's business when starting out. She drew upon in 2018 to help local banks work with Latin American businesses to move away from cash to digital payment options. "The world of technology is constantly evolving, so leaders need to have the flexibility to meet those changes at the drop of the hat to meet their partner's needs," Perez said. "They must also have a level of eagerness to create synergy with their partners, as they are working as partners to help better serve the consumers at hand." Under Perez's guidance, NovoPayments secured $19 million in Series A funding in 2022. The money has been vital in supporting NovoPayment's banking-as-a-service platform, expanding the startup's market reach and growing Perez's team. Partnerships with financial institutions remain a big challenge for the fintech industry given that clients are reluctant to end ties to more established technology firms. Perez noted that legacy systems "hold a lot of strength and power, as well as trust, within the community." "Banks and fintechs learn to trust each other to create synergy to fulfill the needs of the customer," she added.
NovoPayment Frequently Asked Questions (FAQ)
When was NovoPayment founded?
NovoPayment was founded in 2007.
Where is NovoPayment's headquarters?
NovoPayment's headquarters is located at 3250 Mary Street, Miami.
What is NovoPayment's latest funding round?
NovoPayment's latest funding round is Series A.
How much did NovoPayment raise?
NovoPayment raised a total of $19.25M.
Who are the investors of NovoPayment?
Investors of NovoPayment include Endeavor, Fuel Venture Capital, Visa Ventures, IDC Ventures, Paycheck Protection Program and 3 more.
Who are NovoPayment's competitors?
Competitors of NovoPayment include Nymbus, Bond, Sandbox Banking, Priority Payment Solutions, Narmi and 7 more.
What products does NovoPayment offer?
NovoPayment's products include Card Issuing, Switching, and Transaction Processing and 4 more.
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