Novopayment

NovoPayment is a Banking-as-a-Service (BaaS) platform provider that enables digital financial and transactional services across the Americas. Founded in 2007 by Anabel Perez and Oscar Garcia Mendoza, the company is headquartered in Miami, Florida, with offices in Mexico, Colombia, Peru, Chile, and Ecuador. NovoPayment operates a full-stack, multi-country, multi-currency API-based cloud platform that delivers three main solution categories: digital banking, payment infrastructure, and card solutions. The platform serves banks, financial institutions, neobanks, merchants, fintechs, and digital service providers, enabling them to launch and scale digital banking and payment offerings. NovoPayment operates in 15 markets across Latin America, the Caribbean, and the United States, processing more than 310 million transactions in 2024. The company offers a comprehensive suite of products including digital wallets, instant issuance of deposit accounts and virtual cards, real-time payments (RTP), cross-border transfers, digital lending, and cash management. NovoPayment's cloud-native payments switch enables card processing and transaction routing for credit, debit, and prepaid programs. In Mexico specifically, NovoPayment has maintained operations since 2009 and received Mastercard certification in February 2024 as part of the Mastercard Network Enablement Partner program to switch and process Mastercard transactions in the country. The company holds similar certifications in Chile, Colombia, Ecuador, Peru, and Venezuela. NovoPayment has raised over $61 million in funding, including a $19 million Series A in 2022 led by Fuel Venture Capital and IDC Ventures, and a $20 million investment in 2024 from Morgan Stanley Expansion Capital. Other investors include Visa, Endeavor Catalyst, and the Inter-American Development Bank.