Investment funds managed by Morgan Stanley Expansion Capital invested $20 million in NovoPayment, a financial and payment infrastructure service provider specializing in delivering digital banking, payments and card solutions. The funding is expected to support NovoPayment’s continued scaling and expansion of commercial partnerships.
“We are thrilled to receive this investment from Morgan Stanley Expansion Capital to support our continued innovation and service expansion to grow our customer base, further amplifying our positive impact in the markets in which we operate,” Anabel Perez, CEO of NovoPayment, said. “As the financial services landscape continues to evolve, we believe NovoPayment is well-positioned to compete in the embedded finance market by reducing friction and driving efficiency.”
“NovoPayment’s robust technology platform has positioned the company as a leader in the Latin America market,” Pete Chung, managing director and head of Morgan Stanley Expansion Capital, said. “The company’s mission-critical infrastructure enables the modernization of marquee banks and financial institutions in the region through a comprehensive, full-stack platform.”
“We are very excited to support Anabel and her team of operators, who bring deep industry and local market expertise, as they continue to grow and deliver value to customers,” Nick Nocito, executive director at Morgan Stanley Expansion Capital, said. “We believe it is clear in the market that Anabel and NovoPayment are thought leaders in this space.”
