Basis Theory vs Novo AI

Basis Theory tokenizes, routes, and stores payment data outside your own systems so finance teams can keep checkout running without touching raw card numbers. Merchants collect cards through Universal Form Elements, keep tokens for recurring charges, and send those tokens to any payment service provider without rebuilding checkout. The site describes it as more than a token vault because it also handles PSP routing, authorization optimization, and resilience when a processor fails.

Most payment vaults lock you into one processor stack. Basis Theory stays PSP-agnostic so you can route transactions to Stripe, Braintree, Adyen, or a backup provider when the primary path declines. That unbundling matters most when a single PSP shutdown would otherwise take revenue offline, which creator platforms and vertical SaaS vendors cite as the core reason they adopt it over all-in-one checkout bundles.

Developers integrate through APIs, SDKs, and prebuilt web Elements documented at developers.basistheory.com. Product and finance teams at subscription businesses, e-commerce brands, and platforms building PayFac capabilities use it to shrink PCI scope, configure retry logic for failed renewals, and add Linque-powered payment method discovery at checkout.

Novo AI builds generative AI tools for insurance companies that need to process large volumes of text-heavy claims paperwork. The platform uses large language models to read, analyze, and explain documents ranging from policy files to hospital invoices, police reports, and legal correspondence.

The product targets insurers looking to streamline claims operations, catch fraud earlier, and give customer support teams faster answers on coverage decisions. Novo AI positions itself around improving combined ratios by reducing manual review work and claim leakage.

Trusted partners listed on the site include April, First Round Capital, Deloitte, Discover Market, and SFA. The company operates from offices in Singapore and Hong Kong.