Morgan Stanley Expansion Capital Makes $20 Million Investment in NovoPayment
Morgan Stanley (MS)
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Source: Business Wire
Funding to help accelerate product and commercial growth and strengthen position in the banking and payment vertical SaaS market NEW YORK--(BUSINESS WIRE)--Investment funds managed by Morgan Stanley Expansion Capital announced today an investment of $20 million in NovoPayment, a leading 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.Founded with the mission to redefine financial infrastructure, NovoPayment is a vertical-focused SaaS that enables banks, financial institutions, neo-banks, digital merchants, and fintech’s to offer intuitive digital financial and payment services, improving customer experiences and operational margins. NovoPayment’s innovative business and delivery model combines easy-to-integrate solutions with robust, scalable, secure and compliant infrastructure, filling market gaps
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