Processing.com Receives Equity Investment from LaSalle Capital
Summary
Processing.com, a global payments solutions provider, received an equity investment from Chicago-based private equity firm LaSalle Capital.The company intends to use the funds to expand globally and to further invest in its technology-driven solutions for merchants, ISOs, and acquiring banks.Led by Avi Chesed, CEO, and Jon Avganim, President, Processing.com provides e-commerce merchants with a proprietary payment processing platform and services to accept online payments in multiple currencies around the globe via a network of acquiring banks.In addition, the company deploys security and fraud analytics as well as real-time reporting tools.Processing.com has offices in Sofia, Bulgaria; Watford, United Kingdom; and Miami, FL, and Sherman Oaks, CA, in the USA.