Morgan Stanley Expansion Capital has invested $20 million in NovoPayment, a leading provider of embedded financial and payment infrastructure. NovoPayment offers a comprehensive suite of services for banks, neo-banks, digital merchants, and fintechs, enabling them to modernize and streamline financial operations.
NovoPayment’s platform delivers a range of financial tools, including digital wallets, instant issuance of deposit accounts and virtual cards, real-time payments (RTP), cross-border transfers, digital lending, and cash management solutions. Operating in 15 markets across North America, Latin America, and the Caribbean, the company is well-established as a key player in embedded finance.
CEO Anabel Perez believes NovoPayment is set to capitalize on the rapidly changing financial services landscape, aiming to reduce friction and enhance efficiency for its partners. Pete Chung, Managing Director at Morgan Stanley Expansion Capital, emphasized NovoPayment’s role in modernizing major financial institutions through its full-stack platform.
With Morgan Stanley’s backing, NovoPayment is poised to further expand its reach and influence in the embedded finance market.