NovoPayment Secures $20 Million Investment from Morgan Stanley Expansion Capital
Deal News | Nov 12, 2024 | Morgan Stanley (MSCP)
Morgan Stanley Expansion Capital, a division within Morgan Stanley Investment Management, has invested $20 million into NovoPayment, a leading provider of digital financial and payment infrastructure services. This significant investment will support the scaling and expansion of NovoPayment's commercial partnerships and operations. Founded with a vision to redefine the financial infrastructure landscape, NovoPayment offers an innovative SaaS platform that facilitates the digital banking and payment services landscape for banks, neobanks, financial institutions, and fintechs. It serves as a vertical-focused SaaS platform with solutions ranging from digital wallets and instant account issuance to cross-border transfers and digital lending. This funding also aims to strengthen NovoPayment’s competency within the Latin American market, further consolidating its status as a market leader. Anabel Perez, CEO of NovoPayment, expressed optimism about the company's growth in embedded finance. The investment aligns with Morgan Stanley Expansion Capital’s strategy to support technology-driven companies within high-growth sectors, complementing its vast network and brand strength.
Sectors
- Financial Technology (Fintech)
- Private Equity
Geography
- United States – Morgan Stanley Expansion Capital, headquartered in the United States, led the investment.
- Latin America – NovoPayment, the target company, operates extensively in Latin American markets, contributing to its growth trajectory.
Industry
- Financial Technology (Fintech) – The article discusses NovoPayment, a fintech company providing digital banking and financial services through a SaaS platform.
- Private Equity – Morgan Stanley Expansion Capital, a private equity arm, is investing in NovoPayment, reflecting typical private equity investment activities in technology sectors.
Financials
- $20 Million – Investment amount from Morgan Stanley Expansion Capital into NovoPayment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NovoPayment | Target Company | Company | A fintech company providing digital banking and payment solutions across Latin America, the Caribbean, and the United States. |
| Morgan Stanley Expansion Capital | Investor | Private Equity | A growth-focused private investment platform within Morgan Stanley Investment Management that invests in high-growth sectors. |
| Anabel Perez | CEO | Person | CEO of NovoPayment, leading the company in its expansion and innovation efforts. |
| Pete Chung | Managing Director and Head | Person | Managing Director and Head of Morgan Stanley Expansion Capital, involved in investment decisions. |
| Nick Nocito | Executive Director | Person | Executive Director at Morgan Stanley Expansion Capital, supporting investment and company growth. |