NovinTech
Rahbord Samanehaye Nopa NovinTech Pouya Company, known as NovinTech, is a private Tehran-based corporate innovation and venture-investment arm of Bank Eghtesad Novin’s financial group. It supports fintech ventures and develops technology products for financial-services applications, linking startups, innovation programmes and bank-related digital transformation opportunities.
Market position
NovinTech is a bank-linked innovation platform in Iran’s fintech sector, combining corporate venture activity with technology development for a financial-services group.
Operations & footprint
Products and services
NovinTech operates as the innovation, venture-investment, and technology-development arm of Eghtesad Novin Bank and its financial group. Its activities include startup acceleration, venture investment at product-development, market-entry, and growth stages, startup-studio programs, coworking and innovation infrastructure, strategic and legal support, investor introductions, and development and maintenance of technology products for the bank. Its banking-technology work includes open-banking infrastructure, integrated credit-processing systems, legal and debt-recovery systems, intelligent credit scoring, digital banking products, fintech platforms, wealth technology, payments, blockchain, artificial intelligence, regulatory technology, insurance technology, and other businesses capable of creating strategic value for Eghtesad Novin Financial Group.
Operations and assets
The company operates venture-investment, accelerator, startup-studio and coworking programmes alongside technology-development activities for banking and financial-services use cases.
Geographic footprint
Tehran, Iran.
Ownership & group structure
Ownership
NovinTech operates as the corporate venture capital and innovation arm of Bank Eghtesad Novin and its financial group.
Parent company
Bank Eghtesad Novin
Commercial and investment relevance
NovinTech is relevant for investors assessing bank-backed corporate venture capital, fintech, open banking, digital credit, BNPL, wealth technology, digital assets, regulatory technology, insurance technology, artificial intelligence, and the modernization of Iran's financial infrastructure. Access to Eghtesad Novin Bank and its financial subsidiaries may provide portfolio companies with regulated use cases, banking APIs, customers, distribution, compliance knowledge, and strategic capital. Due diligence should verify current ownership following the bank's previous attempted sale of its NovinTech stake, shareholder changes, capitalization, active portfolio, reported investment count, investment-stage allocation, valuation policies, commercial agreements with the bank, related-party transactions, ownership of internally developed banking systems, data-access and cybersecurity controls, intellectual-property rights, regulatory approvals, sanctions exposure, digital-asset activities, follow-on funding, realized exits, and whether portfolio companies are directly owned, incubated, or only commercially partnered. For fintech founders and technology suppliers, NovinTech offers a potential commercial channel into Bank Eghtesad Novin’s financial group. Its operating model links venture development with bank-related product and infrastructure requirements.
Constraints, risk & compliance
Key risks and constraints
Commercial outcomes depend on the company’s continuing relationship with Bank Eghtesad Novin and on the ability to convert venture and technology initiatives into deployed financial-services products. Fintech activities also require alignment with Iranian banking, payments and data-governance requirements.
Sanctions and compliance considerations
Transactions involving NovinTech, Bank Eghtesad Novin or Iranian financial-services counterparties require sanctions and financial-crime screening by counterparties and their advisers.
Need more than a public profile?
Ask Hormuz to investigate, verify or act locally around NovinTech. Tell us exactly what you need.
Connected Intelligence
Relevant geography, industry, market and execution context for this profile.
Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What is NovinTech?
NovinTech is the corporate innovation and venture-investment arm associated with Bank Eghtesad Novin’s financial group. It supports fintech ventures and develops technology products for financial-services applications.
Where is NovinTech based?
NovinTech is based in Tehran, Tehran Province, Iran.
What does NovinTech offer to startups and technology partners?
Its model includes venture investment, acceleration, startup-studio programmes, coworking and innovation-space services, and bank-related technology development.
Is NovinTech publicly listed?
No. NovinTech is a private company.