Fuel Venture Capital and IDC Ventures led a USD19m Series A for Novopayment, a US-based B2B platform offering white label fintech products for Latin American clients, with participation from Endeavor Catalyst and Visa Ventures.
(TechCrunch) – The digital transformation of banking and payments services is a red-hot trend that’s shown no signs of slowing down. Banking-as-a-service (BaaS) products like Synapse, Unit and Bond have helped fuel the shift by allowing companies to quickly spin up new financial services using APIs.
NovoPayment is a global BaaS startup based in Miami that has largely been focused on offering its API platform to customers in the Latin American market. It has developed a full-stack, multicurrency solution with three main categories — data banking, payment infrastructure and card solutions, its founder and CEO Anabel Perez told TechCrunch.
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