Wikipedia

Novalnet

Novalnet is a European payment service provider that provides e-commerce businesses with electronic and point-of-sale payment processing services. The Novalnet platform is designed to automate merchants' business processes across the e-commerce value chain, from checkout to debt collection.[1]

Novalnet AG
Company typeAktiengesellschaft
IndustryFinancial services, Payment processor, Payment system, E-Commerce, Point of sale
Founded2007
FounderGabriel Dixon (CEO)
Headquarters
Munich
,
Germany
Number of locations
  • Germany (Munich)
  • UK (Croydon)
  • USA (New York)
  • India (Chennai)
Area served
Worldwide
Services
Number of employees
200
Websitewww.novalnet.com

Novalnet's competitors include companies such as Adyen and Stripe.

Payment platform

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The Novalnet SaaS platform allows merchants to integrate payment services into pre-existing or custom-built systems, such as online shops, marketplaces,[2] content management systems (CMS), customer relationship management (CRM) software, enterprise resource planning (ERP) systems, and inventory management software (WAWI).[3] The platform enables integration through various methods, including APIs (application programming interfaces), iFrames, SDKs (software development kits), and WebViews, establishing a real-time data flow for payment processing, fraud prevention, and other payment-related services.

History

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Novalnet was founded in 2007 by Mr. Gabriel Dixon. While remaining profitable since 2008, Novalnet continues ot remain independent of external investors with Mr. Gabriel Dixon (CEO) as the chairman of the board.[4]

Growth

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Between 2011 and 2016, Novalnet received the "Usage Award” at the European MPE Awards,[5] and was one of the nominees for the Bavarian SME Award hosted by the European Business Forum.[6] In 2011 Novalnet came first as the “Best Payment-Service Provider 2011” at the t3n Magazin Web Awards.[7]

In 2017 Novalnet was awarded Deloitte's "Technology Fast 50” prize for high growth in turnover over the last four years.[8]

In 2018 Novalnet received the “Best Payment service Provider” prize in the E-Commerce Berlin Awards.[9]

Novalnet AG's revenue grew by 37.82% in the first quarter of 2020, compared to the first quarter of 2019.[citation needed] Novalnet had grown its earnings by 28% in 2019[10] with a total revenue of 1.35 billion euros. The company was recognized as one of FOCUS Business Ranking's “German Growth Champion 2020"[11] and “Growth Champion 2021”,[12][13] indicating a significant increase in turnover between 2015 and 2019. The payment platform has received the “Software hosted in Germany” quality seal every year since 2019.[14][15]

In 2021 Novalnet received the E-Commerce Germany Awards[16] in two categories: 1st place in the Best Solution for International Expansion category and 3rd place in the Best payment service provider category. Novalnet's Shopware plugin was featured as one of the best apps in the "App of the Week" section at Shopware Store.[17] In February 2021, Novalnet was included in the book “Wirtschaftsstandort Freistaat Bayern”.[18]

Licenses and certifications

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Novalnet AG is a licensed payment institute accredited by the Federal Financial Supervisory Authority (BaFin) and has the PCI DSS Level 1 certification.[19][20]

See also

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References

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  1. ^ "Payment-Allianzen: "Win-Win statt Konkurrenzkampf"" (in German). 24 April 2017. Retrieved 8 July 2020.
  2. ^ "Anbieter und Experten im Bereich Marktplatz Payments". PBA Experts GmbH (in German). Retrieved 15 June 2020.
  3. ^ "Warum Payment Service Provider für Onlineshops essenziell sind". Handelsblatt GmbH (in German). Retrieved 23 October 2019.
  4. ^ "Bundesanzeiger - Novalnet". Bundesanzeiger (in German). Retrieved 4 July 2020.
  5. ^ "Guiding Hand Awards Recognize the Leaders of Payment Acceptance Industry". Retrieved 4 July 2020.
  6. ^ "Die diesjährigen Preisträger der neunten Verleihung des Bayerischen Mittelstandspreises am 16.11.2015 im Maximilianeum" (PDF) (in German). Retrieved 2 July 2020.
  7. ^ "t3n Web Awards 2011: Die Sieger stehen fest" (in German). 8 November 2011. Retrieved 26 February 2020.
  8. ^ "Gewinner Technology Fast 50 Award im Überblick". Deloitte GmbH (in German). Retrieved 4 July 2020.
  9. ^ "Novalnet ist erneut "Best payment provider"" (in German). 23 February 2018. Retrieved 3 June 2020.
  10. ^ "Bundesanzeiger - Novalnet". Bundesanzeiger (in German). Retrieved 4 July 2020.
  11. ^ "FOCUS Business - Wachstumschampions 2020". FOCUS Online PDF-Shop (in German). Retrieved 2021-07-09.
  12. ^ "FOCUS BUSINESS - Wachstumschampions 2021". FOCUS Online PDF-Shop (in German). Retrieved 2021-07-09.
  13. ^ Novalnet, Firma (2020-10-22). "Zahlungsdienstleister Novalnet ist Wachstumschampion 2021". IMMITTELSTAND (in German). Retrieved 2021-07-09.
  14. ^ "Zertifizierte Produkte: Novalnet Payment Port / Engine" (in German). Retrieved 4 July 2020.
  15. ^ "Novalnet erhält Gütesiegel "Software hosted in Germany"" (in German). 25 April 2019. Retrieved 4 July 2020.
  16. ^ "Mittelstandspresse - Initiative Mittelstand". www.imittelstand.de. Retrieved 2021-06-25.
  17. ^ "Novalnet-Plugin als eine der besten Shopware-Apps ausgewählt". klamm.de (in German). Retrieved 2021-06-25.
  18. ^ Novalnet, Firma (2021-02-26). "Novalnet Teil des Buchs "Wirtschaftsstandort Freistaat Bayern"". News-Research (in German). Retrieved 2021-06-25.
  19. ^ "SISA PCI DSS Certified". Retrieved 28 September 2020.
  20. ^ "Betrug im Online-Shop". Retrieved 8 July 2020.
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