AffiniPay, a leader in practice management software and integrated payments, announced a new investment chapter as Genstar Capital joins its roster of backers.
The recent funding involves Genstar Capital making a substantial investment in the company. This transaction will see TA Associates, a previous investor since 2020, maintain a significant stake while Apax, a minority stakeholder, exits completely.
AffiniPay operates at the forefront of providing integrated practice management software and embedded FinTech solutions. Their service roster includes MyCase, CASEpeer, and Docketwise for legal practice management, alongside LawPay and CPACharge, which are leading payment platforms for the legal and accounting sectors respectively.
The fresh infusion of capital by Genstar is earmarked for accelerating AffiniPay’s innovation trajectory. The company plans to expand its suite of offerings, enhancing its current applications and potentially exploring new market verticals.
AffiniPay CEO Dru Armstrong shared, “We are thrilled for this next chapter with TA and Genstar.
“Since I joined AffiniPay in 2021, we’ve had incredible momentum and it’s been so rewarding to influence how core system of record software combined with financial technology can benefit our customers and push the operations of the legal and accounting industries forward. The support of Genstar and TA will allow us to continue investing in our practice management software and embedded financial services platform for professionals.”
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