NovoPayment Receives $20M from Morgan Stanley Expansion Capital
NovoPayment announced a $20M investment from Morgan Stanley Expansion Capital on November 12, 2024. The company operates a SaaS platform delivering API-driven digital banking, payments, and card solutions to banks, neobanks, and merchants. NovoPayment's infrastructure emphasizes scalability and regulatory compliance, enabling financial institutions to launch and manage digital financial products.
The investment from Morgan Stanley's expansion arm signals confidence in the company's growth trajectory in the Latin American BaaS market. Funds are expected to accelerate product development and geographic expansion. NovoPayment's platform positions it as a key infrastructure provider for embedded finance across the LATAM region, where digital banking adoption is rapidly increasing.
The deal underscores institutional investor interest in BaaS platforms serving emerging markets with robust API capabilities.
- Major institutional backing validates the LATAM BaaS opportunity and NovoPayment's market position
- Increases competitive pressure in Latin American embedded finance infrastructure as well-funded players scale