Global Payments secures up to $607m in funding


Payment solution provider Global Payments has secured up to $607m in its latest equity fundraise, FinTech Global can reveal.

The funding round has registered commitments from 39 backers, according to the latest US Securities and Exchange Commission.

Georgia-headquartered Global Payments is a worldwide provider of payment services to help companies accept payments via online, in-person, mobile, merchant tools and enterprise methods. The company is currently used by businesses within the education, hospitality, online, retail, transport, local authority and affinity groups sectors.

Global Payments helps businesses that range in size to help process payments, with the company offering methods from contactless cards to near-field communication enabled wristbands. The platform, which is partnered with merchants in 30 countries across North America, Europe, Asia Pacific and Brazil, processes payments in a combined value of $28bn per annum, through 12,500 retailers.

Earlier this month the company acquired communities and sports divisions of ACTIVE Network from Vista Equity Partners, for an undisclosed amount. Global Payments expects its newly acquired company to bring in a revenue of around $13m to $14m in the third quarter of the year.

Copyright © 2017 FinTech Global

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