Pineapple Payments receives $35m from Providence Equity


Payment processing company Pineapple Payments has received $35m from private equity firm Providence Equity Partners.

Pineapple was only launched a year ago and is said to target B2B, B2G and integrated software vendors through its omni-channel payment acceptance tools.

These range from mobile credit card readers and e-commerce integrations to physical credit card terminals and tablet point-of-sale systems.

The company has a particular focus on SaaS, e-commerce and enterprise integrated payments.

The company said the investment will be used to accelerate growth in all markets.

Providence Equity Partners is a global private equity with more than $50bn in capital under management. It currently focuses on the media, communications, education and information industries.

In May this year Pineapple partnered with NexTier Bank. The company will provide NexTier businesses with its payment acceptance tools.

Copyright FinTech Global 2017

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