The startup was founded in 2007 but it failed to raise necessary funds to develop in the past 15 years, after a previous seed funding of an undisclosed size from its owners. NovoPayment activates as a global BaaS business that focuses on offering its in-house built API platform to customers in the LATAM market. It has developed a full-stack, multicurrency solution with tree major categories – card solutions, data banking, and payment infrastructure.
Around 85% of the company’s clients are located in markets across LATAM, including Chile, Columbia, Mexico, Peru, and Venezuela, with the rest of the clients mainly coming from the US.
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