Latina-Founded Banking-As-A-Service Provider Novopayment Raises $19M Series A

Apr 19, 2022•about 3 years ago

Amount Raised

$19 Million

Round Type

series a

Miami

Description

NovoPayment announced it has secured $19 million in Series A financing, led by Fuel Venture Capital and IDC Ventures, to further scale NovoPayment's Banking-as-a-Service (BaaS) platform in existing markets and the US. NovoPayment offers a full-stack, multi-country, and multi-currency API cloud-based platform that powers digital banking, payment and card solutions. The fintech pioneer is strengthening its footprint across the Americas to serve even more financial institutions, fintechs, neobanks, digital merchants, and acquirers.

Company Information

Company

Novo Payment

Location

Miami, Florida, United States

About

NovoPayment, a category leader in Banking as a Service (BaaS) platforms, enables digital financial and transactional services to support various use cases. The company's bank-grade solutions use APIs and other flexible delivery models to help banks, financial institutions, merchants, networks, marketplaces, neo banks, and other financial service providers to leverage their existing systems to generate new deposits, transaction streams, and customer experiences. For more information, visit novopayment.com and developer.novopayment.com.

Funding Insights

Based on industry data

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Latina-Founded Banking-As-A-Service Provider Novopayment Raises $19M Series A

Description

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Funding Insights

Company Information