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.

NovoPayment, a category leader in banking and payment vertical (SaaS) platforms, enables digital financial and transactional services to support various use cases. The company's bank-grade solutions use APIs and other flexible delivery models to help banks, financial institutions, merchants, networks, marketplaces, neobanks, and other financial service providers to leverage their existing infrastructure to generate new deposits, transaction streams, and customer experiences.