- LoanPro and NovoPayment have teamed up to help expand access to credit for consumers in Latin America.
- The partnership integrates LoanPro’s credit ledger and origination, servicing, and collections technology with NovoPayment’s API-based issuing processing.
- Utah-based LoanPro made its Finovate debut at FinovateSpring in 2021.
Modern credit platform LoanPro and financial infrastructure provider NovoPayment have announced a partnership to help boost access to credit in Latin America. The two companies will give financial institutions and fintechs throughout the region an integrated, end-to-end infrastructure that can support credit and lending products of virtually any class.
The integration will give FIs and fintechs access to a suite of solutions to boost their own credit offerings. These solutions include LoanPro’s Transaction Level Credit product, which facilitates the assignment of unique repayment terms, fee structures, and interest rates to individual transactions. This helps institutions offer customers personalized credit solutions, and enables different categories of transactions to feature different interest rates and financial terms.
FIs and fintechs will also benefit from NovoPayment’s cloud-native platform that puts real-time processing, robust security, event-driven architecture, and an API-first approach to work to deliver low-latency transactions and automated failover. This further supports the ability of companies to offer customized credit solutions.
“Access to credit is a cornerstone of true financial inclusion,” NovoPayment CEO Rodrigo Rodas said. “NovoPayment’s trajectory has been defined by our commitment to bridging financial gaps through innovative infrastructure solutions. Partnering with LoanPro enables us to empower financial institutions and fintechs across Latin America, providing them with the tools to offer diverse credit products and foster economic growth in the region.”
The partnership between LoanPro and NovoPayment comes at a time when modernization in banking and financial services infrastructure in Latin America is increasingly lagging behind the expansion of the financial services market as a whole. In a statement, the companies noted that while financial inclusion in Latin America has made significant gains from 2021 to 2024, with 28% of adults reaching an “advanced level of financial inclusion,” millions still lack access to modern credit and lending solutions. This issue is all the more acute due to the inability to scale those products financial institutions do offer. The integration of NovoPayment’s issuing processing with LoanPro’s credit ledger and origination, servicing, and collections solutions directly addresses these challenges.
“NovoPayment has been at the forefront of enabling financial innovation across Latin America, and their work aligns perfectly with LoanPro’s mission to modernize credit,” LoanPro CEO and Co-Founder Rhett Roberts said. “By bringing LoanPro’s lending technology into NovoPayment’s ecosystem in Latin America, we’re giving financial institutions and fintechs the tools they need to offer credit with confidence and compliance at the core.”
A leading payment processor for markets throughout Latin America, NovoPayment enables businesses and financial institutions to launch and scale their digital banking and payment offerings. The company processed more than 310 million transactions in 2024 and operates in 15 markets. Founded in 2007, NovoPayment is headquartered in Miami, Florida, and has offices in Mexico, Colombia, Peru, and Ecuador.
LoanPro made its Finovate debut as part of our all-digital FinovateSpring conference in 2021. That same year, the company also participated in our developers conference, FinDEVr 2021. Headquartered in Farmington, Utah, and founded in 2016, LoanPro serves more than 600 financial organizations, providing them with a modern credit platform that gives financial institutions and fintechs the infrastructure to manage lending and credit programs at scale, including loan origination, servicing, and collections.
FinovateSpring 2025 comes to sunny San Diego, May 7 through 9 at the Sheraton San Diego Hotel and Marina. Pick up your ticket today and take advantage of early-bird savings!
Photo by Enrique from Pexels
Views: 33
