Breaking News
Noventis Secures $4M in Debt Financing from Silicon Valley Bank
Fintech Innovator Continues to Fuel Record Growth & Expansion
Noventis, Inc. today announced the completion of $4M of debt financing with SVB Financial Group. Noventis plans to use the new investment to further its rapidly growing processor business.
The deal comes on the heels of two consecutive years of record EBITDA and earnings growth for Noventis. Part of the financing will be invested into the main drivers of the company’s recent growth: its proprietary payment processing platform, and its rapidly growing network of over 100,000 electronic endpoints (billers, suppliers, vendors).
Noventis has become a leading bill payments provider serving more than 5,000 originators (financial institutions, payment processors and aggregators, retailers, and software providers). Dedicated to eliminating paper, accelerating posting time and enhancing security, Noventis is bringing payment modernization to companies previously unable to participate in the e-payments revolution.
“We’re pleased to provide this debt financing to Noventis,” said Weston Rice, Vice President at Silicon Valley Bank. “The company’s innovative solutions provide both speed-to-market and the functional agility to maximize its rapidly expanding network of billers.”
As the bank of the world’s most innovative companies and their investors, SVB Financial Group has a reputation for helping businesses advance their goals and achieve success in fast-growing markets.
“With operating results that are exceeding expectations and the low cost of capital, this is the perfect time for Noventis to obtain financing. Our shift to a processor-centric model has been paying off, and accelerating investments into the platform and network is integral to our plans for continued growth,” said Steve Taylor Chief Executive Officer at Noventis. “Silicon Valley Bank is the ideal strategic partner for companies in the Fintech space and I’m excited about our relationship going forward.”
- EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’ Read more
- FreedomPay Drives Global Merchant Innovation Read more
- FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences Read more
- Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure Read more
- Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds Read more
FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences
FIS® announced a strategic partnership with Glia to deliver advanced AI-powered customer engagement capabilities across FIS' Digital One suite
Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure
Citi Ventures has announced a strategic investment in BVNK, highlighting the shift toward digital asset-based infrastructure.
Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds
Global retailers are accelerating their multi-acquirer strategies to stay ahead, according to a new survey conducted by ACI Worldwide
Ipswich Town Selects IFX Payments as an Elite Partner
Ipswich Town Football Club has selected IFX Payments as an Elite Partner of the club
Cake Wallet Integrates xStocks, Letting Users Invest in Stocks Using Crypto.
Cake Wallet, an open-source, privacy-focused crypto wallet, today announced the integration of xStocks, a new feature that allows users to invest in tokenized stocks and ETFs directly through Web3 self-custody.
Routefusion Secures $26.5 Million Series A to Expand its Global Payments Network
Routefusion, a financial infrastructure provider enabling platforms and financial institutions to embed seamless cross-border payments and multi-currency account capabilities, today announced the close of a $26.5 million Series A funding round. The round was led by PeakSpan Capital, with participation from Silverton Partners, bringing the company’s total funding to $40.7 million.
BCP Launches Criptococos, the First Crypto Banking Platform in Peru, Powered by BitGo
Banco de Crédito del Perú (“BCP”), the largest bank and the largest supplier of integrated financial services in Peru, and BitGo, the digital asset infrastructure company, today announced the launch of Criptococos, the first banking platform in Peru, to enable the secure purchase and management of crypto assets. The launch is part of a pilot project authorized by the Superintendency of Banking, Insurance, and Pension Fund Administrators (SBS) and reflects BCP’s ongoing commitment to driving innovation in the financial system.
EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FreedomPay Drives Global Merchant Innovation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences
FIS® announced a strategic partnership with Glia to deliver advanced AI-powered customer engagement capabilities across FIS' Digital One suite
Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure
Citi Ventures has announced a strategic investment in BVNK, highlighting the shift toward digital asset-based infrastructure.
Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds
Global retailers are accelerating their multi-acquirer strategies to stay ahead, according to a new survey conducted by ACI Worldwide
Ipswich Town Selects IFX Payments as an Elite Partner
Ipswich Town Football Club has selected IFX Payments as an Elite Partner of the club
Baghdadi Capital Group Selects nCino to Power Global Growth and Expansion Strategy
Baghdadi Capital Group has selected the nCino Platform to standardize and automate its global operations,