Equiteq acted as exclusive financial advisor to Novus Technologies, a Singapore-headquartered digital payments and financial technology solutions provider, on its strategic investment from Asia Fintech Ventures Group (AFVG) Holding, and a dedicated fund backed by global investors, including one of Southeast Asia’s leading conglomerates.
Novus Technologies is a Singapore-headquartered technology company enabling innovative digital transformation, financial inclusion technology, and a full-stack digital payment platform across Asia and Africa. With a strong presence in Singapore, Indonesia, the Philippines, Cambodia, Sri Lanka, and Botswana, Novus empowers businesses and financial institutions with secure, frictionless, and scalable technology to enable the future of financial services.
Asia Fintech Ventures Group (AFVG) is a Singapore-based holding company backed by an MAS-regulated fund and leading strategic investors in financial services, fintech, and payments. AFVG invests in and partners with high-potential financial technology businesses across Asia and beyond to build sustainable growth ecosystems.
The acquisition marks a significant milestone in Novus’ journey, launching its next growth horizon, Novus 3.0, and positioning the company for accelerated expansion across Asia and beyond. Supported by lighthouse investors, this investment unlocks fresh capital to expand Novus’ regional footprint and drive new opportunities in FinTech, PayTech, and InsurTech innovation.
“We see Novus as a trusted brand with proven capabilities and the right team to drive fintech innovation across Asia. This is more than an investment — it’s a partnership to build a future-ready financial ecosystem across Asia and beyond.” said Hans De Back, Director of Asia Fintech Ventures Group (AFVG) Holding and Fund Director.
“Our vision with Novus 3.0 is to leverage the trusted Novus brand, our proven portfolio, and our professional leadership team to unlock opportunities that were previously out of reach,” said Ricardos Khoury, CEO of Novus Technologies. “With Singapore as our foundation and the support of world-class investors, we are ready to scale our impact across Asia and beyond. This is only the beginning of a new phase for Novus.”
Commenting on Equiteq's role in the transaction, Ricardos Khoury added, “We thank Equiteq for its instrumental role in closing the deal, and for the professionalism of its team in Singapore. Considering the vision of our group, and the desire to invest in ecosystem-related businesses, I’m confident it won’t be the last transaction we will be conducting with Equiteq”.