Member Exclusive, Payments

Payments Briefing: ‘We penetrated the blue ocean opportunity of the Spanish-speaking market’ – NovoPayment’s Anabel Perez

  • This week, we take a look at Miami-based BaaS provider, NovoPayment.
  • We also discuss Bumped, a firm that rewards customers with equity in the brands they shop from.
close

Email a Friend

Payments Briefing: ‘We penetrated the blue ocean opportunity of the Spanish-speaking market’ – NovoPayment’s Anabel Perez

Banking as a service provider NovoPayment, which has been around since 2007, recently raised its first venture round in 15 years to scale its platform across the US, as well as internationally.

Headquartered in Miami, Florida, NovoPayment is an API-based platform that provides digital banking, payment and card solutions to banks, fintechs, merchants, and other service providers.

Since its launch back in 2007, NovoPayment has expanded to 14 markets across the Americas, includingthe US, Mexico, Panama, Colombia, Venezuela, Peru, Ecuador, and Chile, among others.

2021 was an important year for the firm, as it saw a 40% increase in client growth, including collaborations with major financial players such as Visa and Mastercard.

The firm’s co-founder and CEO, Anabel Perez, is a Venezuelan-born entrepreneur. Trained as a banker but a “techie at heart”, Anabel has more than 25 years of experience in banking and payments.

I spoke with Anabel to get some insight into why she created NovoPayment, the significance of Miami as a new fintech hub, and her plans for the firm’s future.

Can you share the story behind NovoPayment? How and why did you create it?

In all my years as a banking executive, it became abundantly clear to me that the future of financial services and payments was digital. This vision and its global implications led me to co-found NovoPayment around 15 years ago along with Oscar Garcia Mendoza, who now serves as chairman of our board.

Since the beginning, we’ve understood that fintech enablers are essential partners to financial and payment providers, reducing their technology gaps and accelerating the development of new fintech products. Connecting essential dots through tech enablement is how we’ve built and expanded NovoPayment across multiple markets.

What’s the significance of having NovoPayment’s headquarters in Miami? Why are Silicon Valley players moving there? And how does being based in the region help NovoPayment stand out from its competitors?

 


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “Payments Briefing: ‘We penetrated the blue ocean opportunity of the Spanish-speaking market’ – NovoPayment’s Anabel Perez”

Payments, Power of Payments Podcast

Power of Payments Ep. 14: JPMorgan vs Stripe and Block, CFPB is coming for BNPL, and is LTO a viable BNPL alternative?

  • This week, we talk about JPMorgan’s acquisition of payments firms Renovite, and the CFPB’s recent report on BNPL firms, which suggests that regulation is coming for the sector.
  • We also discuss why lease-to-own, which is another type of installment payment option, has been gaining popularity in recent months.
Ismail Umar | September 23, 2022
Payments

Takeaways from Tearsheet’s Power of Payments conference last week

  • Last week, Tearsheet hosted its inaugural T-POP Conference, focused on payments.
  • Here are the major challenges and opportunities we zeroed in on at the event as we plan for the future of payments.
Zachary Miller | September 21, 2022
Member Exclusive, Payments

‘It’s new branding to what is a very classic industry’: Ramp’s Eric Glyman on B2B BNPL, and how their new offering is different

  • What's the secret sauce behind Ramp's doubling valuation and revenue growth amid a fintech downturn?
  • Eric Glyman, co-founder and CEO of Ramp, spills the beans on his company strategies and what's in the offing.
Sara Khairi | September 13, 2022
Member Exclusive, Payments

Payments Briefing: Does lease-to-own provide a “recession-proof” alternative to BNPL?

  • This week, we explore lease-to-own, an installment payment option that has been gaining popularity in recent months.
  • We also discuss SMBs' increasing reliance on cross-border payments, and the steps that providers can take to serve them better.
Ismail Umar | September 09, 2022
Payments, Power of Payments Podcast

Power of Payments Ep. 13: ‘You need to have a good answer to the question, how do you get to profitability?’ – Rapyd’s Eric Rosenthal

  • Eric Rosenthal, vice president of corporate development, strategy and partnerships at Rapyd, joins host Ismail Umar on this week’s podcast.
  • He talks about how Rapyd caters to businesses of different sizes including major firms like Uber, what American companies can learn from payments firms in Latin America, Asia, and Europe, and how startups in the space should try to deal with the current downturn.
Ismail Umar | September 09, 2022
More Articles