NovoPayment
NovoPayment is a Miami-based Banking-as-a-Service platform offering API-driven card issuance, payment processing, correspondent networking, and loan servicing for banks, fintechs, and enterprises primarily across the US and Latin America.
- Company typePrivate
- Founded2007
- HeadquartersMiami, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What NovoPayment does
NovoPayment is a Miami-headquartered Banking-as-a-Service platform founded in 2007 that provides API-based digital financial services infrastructure to banks, fintechs, and enterprises across the United States, Latin America, and increasingly Europe. Its modular product suite comprises NovoCard (credit, debit, and prepaid card issuance across Mastercard, Visa, and closed-loop programs), NovoSpend (corporate expense and prepaid card management), NovoFlow (correspondent and payment network switching), NovoFlux (a cloud-native card processing switch), and NovoCredit (loan servicing and automation). The platform is built on event-driven, microservices architecture with an API-first philosophy, exposing functionality through a developer portal with sandbox, UAT, and production environments, and is supplemented by mobile SDKs for iOS and Android.
The underlying technology stack emphasizes near-infinite scalability, JWE/JWS-based encryption, OAuth 2.0 authentication, and PCI/SOC/ISO-compliant security. The company earns revenue through API/platform licensing and usage fees combined with per-transaction processing charges for authorization, clearing, and real-time payments. Distribution combines a self-serve developer portal (product-led growth) with direct enterprise sales for financial institutions, supplemented by certified Visa Ready and Mastercard partner channels. Named customers include tier-1 LatAm banks (Banorte, Banco Pichincha, Banco Nacional), high-growth fintechs (Rappi, Zinli, Dale, Loan), and enterprise clients (Pluxee for employee benefits).
The company has raised approximately $20 million in a Series A led by Morgan Stanley Expansion Capital in November 2024, alongside prior capital from Visa Ventures, Fuel Venture Capital, and Endeavor Catalyst. In June 2025 it acquired Provis Alimentación, signaling inorganic expansion into adjacent verticals. Headcount stands at 101-250 and the company maintains team presence across more than 30 countries, with no disclosed revenue figure.
NovoPayment firmographics
Firmographics- Name
- NovoPayment
- Legal name
- NovoPayment, Inc.
- Website
- https://novopayment.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- NovoPayment is a Miami-based Banking-as-a-Service platform offering API-driven card issuance, payment processing, correspondent networking, and loan servicing for banks, fintechs, and enterprises primarily across the US and Latin America.
- Ownership category
- akta.pro rank
NovoPayment industry classification
Industry- Product category
- Payment Infrastructure
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Card Issuing Platforms (Issuer Processing) (FSAGABAD)
- akta.pro secondary industries
- Embedded Card Issuing & Card-as-a-Service (FSAGALAC), Card Issuing & Program Management Platforms (BPAMAFAH), Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation) (FSAGACAI)
Keywords
Where NovoPayment is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
NovoPayment business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- API/Platform Licensing and Usage: Revenue generated from API access and usage of the modular payment platform. Organizations pay for access to NovoCard, NovoSpend, NovoFlow, NovoFlux, and NovoCredit solutions on a usage or subscription basis.
- Transaction Processing: Fees collected per transaction processed through the payment switch and card processing network. Volume-based revenue from authorization, clearing, and real-time payment transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free sandbox environment for developer testing |
| Subscription | Multi-year contract | UAT and Production environments |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
NovoPayment product offering
Product offeringCore offering
NovoPayment develops a cloud-native, API-first Banking-as-a-Service platform that enables banks, fintechs, and enterprises to launch and operate card programs (credit, debit, prepaid), digital wallets, payment and correspondent networks, real-time payments, and loan servicing. The offering is delivered as a modular product suite (NovoCard, NovoSpend, NovoFlow, NovoFlux, NovoCredit) accessed through REST APIs, with revenue generated from platform licensing/subscription and per-transaction processing fees.
Product overview
NovoPayment offers a cloud-based, next-generation Banking-as-a-Service platform providing modular payment solutions, digital banking infrastructure, and card issuance capabilities. The core product portfolio includes NovoCard (card issuance), NovoSpend (expense management), NovoFlow (correspondent networks), NovoFlux (cloud-native payments switch), and NovoCredit (loan management). These products are complemented by a comprehensive API platform featuring Card Solutions, Digital Banking, Digital Acquiring, Digital Wallets, Payments, and Tokenization APIs, along with mobile SDKs for iOS and Android. The architecture is built on event-driven design, microservices foundation, and API-first philosophy with near-infinite scalability.
Differentiator
Problem solved
Functional benefit
Brands
- NovoCard: Credit, debit, and prepaid card issuance solution for redefining customer experience
- NovoSpend
- NovoFlow
- NovoFlux
- NovoCredit
Products and services
- NovoCard Card issuance solution enabling design and management of credit, debit, and prepaid card programs supporting Mastercard, Visa, and closed-loop solutions, with features including card tokenization, Push Provisioning for digital wallets, 3DS authentication, and digital card management. Sold to banks, fintechs, and enterprises seeking to launch or modernize card products.
- NovoSpend Corporate expense management solution enabling customizable prepaid card programs for employee and contractor expenses, with cash flow management, operational spending visibility, and support for closed-loop and open-loop configurations. Sold to banks, fintechs, and enterprises serving corporate clients.
- NovoFlow Payment and correspondent network switch connecting banking participants, supporting book-to-book transfers across banks, real-time inter-institutional payments, and closed-loop merchant schemes. Sold to financial institutions building payment networks or operating as correspondents.
- NovoFlux Cloud-native payments switch for card processing that enables banks and fintechs to route transactions dynamically, reliably, and securely, with real-time authorization, low latency, high reliability, and direct cloud-based connectivity to payment networks.
- NovoCredit Comprehensive credit management platform for loan servicing, management, and automation featuring configuration-first design, automated collections, and a servicing suite for back-office optimization. Sold to lenders and financial institutions operating credit businesses.
Quantifiable outcome
- Authorization speed up to 99% faster than legacy systems
- +3 more outcomes
Companies that use NovoPayment
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles3 records
NovoPayment technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature10 records
NovoPayment partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- VisacoreCertified Visa Ready partner enabling NovoPayment clients to issue Visa-branded cards including credit, debit, and prepaid products. Provides access to Visa payment network infrastructure for authorization, clearing, and real-time payment capabilities.
- MastercardcorePartner enabling issuance of Mastercard-branded card products and access to Mastercard payment network for transaction processing, tokenization services, and digital wallet provisioning.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
NovoPayment competitors and assessment
Company assessmentDirect peers
- Marqeta: Public card-issuing platform providing APIs for credit, debit, and prepaid card programs on Visa and Mastercard rails. Directly comparable to NovoCard and NovoFlux, with similar enterprise and fintech customer profiles.
- Galileo Financial Technologies: Payment processing platform owned by SoFi offering card issuing, digital banking, and lending APIs. Directly comparable to NovoPayment's combined NovoCard, NovoCredit, and Digital Banking API stack.
- Lithic: API-first card issuing platform supporting credit, debit, and prepaid programs. Comparable to NovoCard on issuer processing capabilities and developer-first delivery model.
- Solid (formerly known as Solid Financial): Card issuing and banking-as-a-service platform providing APIs for card programs, ledger, and compliance. Comparable to NovoCard and NovoCredit across core fintech and emerging financial institution segments.
- i2c: Cloud-based payment processing and card management platform serving banks and fintechs globally. Comparable to NovoFlux's card-processing switch and NovoCard's lifecycle management capabilities.
- Treasury Prime: Banking-as-a-service platform providing APIs for accounts, cards, payments, and compliance to fintechs and banks. Comparable to NovoPayment's Digital Banking and Card Solutions APIs.
- Unit: Embedded banking and card-issuing platform offering APIs for accounts, lending, and card programs. Comparable to NovoCard and Digital Banking API with a similar developer-first delivery approach.
Broad incumbents
- Stripe Issuing: Card-issuing API from Stripe serving fintechs and platforms globally. Overlaps directly with NovoCard's embedded issuance capabilities and is part of Stripe's broader payments platform.
Regional players
- dLocal: LatAm-focused cross-border payments platform enabling merchants to process local payment methods. Comparable to NovoPayment's regional coverage and serves an overlapping enterprise/fintech customer base in the same geographies.
- EBANX: LatAm payments processor connecting global merchants to local payment methods and rails. Comparable regional player serving similar enterprise clients across Brazil, Mexico, and other LatAm markets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks4 records
Key highlights6 records
Customer concentration
NovoPayment social profiles
Digital presenceNovoPayment compliance and trust
Trust signalCompliance7 records
NovoPayment financial estimates
Financial estimateRevenue estimate
Valuation estimate
NovoPayment leadership team
Management profileNumber of profiles
Profiles5 records
NovoPayment funding detail
Funding detailFunding overview
Funding rounds3 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NovoPayment M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NovoPayment
What does NovoPayment do?
NovoPayment develops a cloud-native, API-first Banking-as-a-Service platform that enables banks, fintechs, and enterprises to launch and operate card programs (credit, debit, prepaid), digital wallets, payment and correspondent networks, real-time payments, and loan servicing. The offering is delivered as a modular product suite (NovoCard, NovoSpend, NovoFlow, NovoFlux, NovoCredit) accessed through REST APIs, with revenue generated from platform licensing/subscription and per-transaction processing fees.
Is NovoPayment a public or private company?
NovoPayment is a private company. It is classified as venture growth investor backed and is currently operating.
When was NovoPayment founded?
NovoPayment was founded in 2007. It employs 101 to 250 people.
Where is NovoPayment based?
NovoPayment is headquartered in Miami, United States, in the North America region.
How does NovoPayment make money?
Two revenue lines are on record. API/Platform Licensing and Usage is the primary driver. The others are transaction Processing.
Who are NovoPayment's main competitors?
Direct peers on record are Marqeta, Galileo Financial Technologies, Lithic, Solid (formerly known as Solid Financial), i2c, Treasury Prime and Unit. Stripe Issuing is listed as a broad incumbent. Regional players are dLocal and EBANX.
Does NovoPayment have an API?
Yes. NovoPayment offers a comprehensive API platform for payments, digital banking, card issuance, and tokenization. The APIs use POST requests with JSON responses and are exposed via HTTPS TLS v1.2. Authentication is handled through OAuth 2.0 with client ID and client secret credentials. The platform provides three environments: Sandbox (https://sandbox-api.novopayment.com), UAT-Certification (https://cert-api.novopayment.com), and Production (https://prod-api.novopayment.com). JWE/JWS encryption is supported for QA and Production environments for secure data transmission. The developer portal provides API references, guides, and sandbox testing capabilities. Developer documentation is at developer.novopayment.com.
What industry is NovoPayment in?
NovoPayment's product category is Payment Infrastructure. Its primary akta.pro industry code is FSAGABAD, Card Issuing Platforms (Issuer Processing), with a secondary code of FSAGALAC, Embedded Card Issuing & Card-as-a-Service. Its NAICS code is 513210 and its SIC code is 7372.