Global Processing Services Raises Over US$300 Million to Accelerate Technology Development and Global Growth

Funding Rounds

▤ Summary

Their agile, resilient and modern cloud platform drives some of the most innovative use cases and allows fintechs to globalise through a single API," commented Peter James, Director at Advent International. This investment will allow us to turbo charge our geographic footprint and product expansion plans as we drive the payments ecosystem in the key verticals of today and tomorrow, including digital banking, Buy Now Pay Later, B2B virtual cards, financial empowerment, and much more." GPS’ highly flexible and configurable platform places the control firmly in the hands of global fintechs, digital banks, and embedded finance providers, enabling them to deliver rich functionality to the cardholder. GPS is certified by Visa and Mastercard to process and manage any credit, debit or prepaid card transaction globally, with offices in London, Newcastle, Singapore, Sydney and Dubai. After 35 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.

$ Funding

$
Amount $300.0M Total raised
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Date October 13, 2021 Announcement date
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Investors Viking Global Investors Lead investors
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Company https://www.globalprocessing.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

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