Investment funds managed by Morgan Stanley Expansion Capital have announced a $20 million investment in NovoPayment. The financial and payment infrastructure service provider is recognized for its digital banking, payments, and card solutions.
This funding aims to aid NovoPayment in scaling operations and expanding commercial partnerships. Founded to redefine financial infrastructure, the company offers services that enhance customer experiences and operational efficiency through a vertical-focused SaaS platform. Their platform includes digital wallets, virtual cards, cross-border transfers, digital lending, and more across 15 markets in Latin America, the Caribbean, and the United States.
Anabel Perez, CEO of NovoPayment expressed enthusiasm about the investment: “We are thrilled to receive this investment from Morgan Stanley Expansion Capital to support our continued innovation and service expansion.” She added that as the financial services landscape evolves, NovoPayment is well-positioned to compete by reducing friction and driving efficiency.
Pete Chung from Morgan Stanley Expansion Capital highlighted NovoPayment's leadership in Latin America: “NovoPayment’s robust technology platform has positioned the company as a leader in the Latin America market.” He emphasized how their full-stack platform modernizes banks and financial institutions.
Nick Nocito of Morgan Stanley also expressed excitement about supporting Anabel Perez's team: “We are very excited to support Anabel and her team of operators...as they continue to grow and deliver value to customers.”
NovoPayment continues its role as a leader in providing banking and payment platforms using APIs for various financial services providers. The company's previous investors include IDCV, Fuel Venture Capital, IDB, Visa, and Endeavor Catalyst.
Morgan Stanley Expansion Capital targets growth investments across multiple sectors like technology and healthcare. As part of Morgan Stanley Investment Management with over $1.6 trillion under management as of September 2024, it pursues opportunities leveraging Morgan Stanley's global network.