NovoPayment Raises $19M Series A for Latin American BaaS Platform

NovoPayment announced a $19 million Series A funding round led by Fuel Venture Capital and IDC Ventures. Additional participation came from Endeavor Catalyst and Visa Ventures. The Latina-founded company is headquartered in Miami and operates a multi-country, multi-currency API cloud-based platform that enables digital banking, payment, and card solutions.

NovoPayment primarily serves clients across Latin America, helping businesses embed financial services into their offerings. The fresh capital will be used to strengthen its BaaS platform and support expansion into the US market. The funding underscores growing investor interest in BaaS infrastructure serving emerging markets.

The involvement of Visa Ventures signals strategic alignment with major payment networks seeking embedded finance distribution in Latin America.