Tag: Global Commerce

Yuno debuts smart routing to enhance payment approvals and cut merchant costs
FinTech News

Yuno debuts smart routing to enhance payment approvals and cut merchant...

Yuno, a payment orchestration platform, has launched Smart Routing—a solution designed to streamline payments, reduce costs, and enhance transaction approval rates for merchants.
Renovus Capital Partners, a private equity firm based in the Philadelphia area, is excited to announce its majority investment in Performive, a leading provider of managed IT services for mid-market enterprises. The investment will enable Performive to accelerate its growth across product innovation, customer experience enhancement, partner enablement, and other strategic initiatives. Founded in 2005, Performive is a managed services provider focused on cloud services, infrastructure services, and cybersecurity. The Company prides itself on offering mission critical services to its thousands of customers, helping them scale, secure their environments, and optimize their operations, and is well-recognized in the industry for its technical expertise and exceptional service. The strategic investment from Renovus will enable Performive to continue to build out its solution offerings, grow its best-in-class team, and pursue acquisitions that align with its commitment to delivering high value, customer-focused services. "We're incredibly proud of the foundation we've built at Performive and excited for what's ahead," said Gary Simat, Co-Founder and CEO of Performive. "This partnership with Renovus is a pivotal moment that will fuel our continued innovation and allow us to enhance the customer experience and drive greater value for our clients. With this investment, we're ready to accelerate our goal of becoming a leading MSP serving mid-market enterprises across the U.S." "We built a thesis on investing in differentiated MSPs with highly recurring revenue, critical service offerings, and a relentless focus on customers, and Performive fits this profile perfectly," said Jason Tanker, Managing Director at Renovus. "We see tremendous growth potential in Performive's platform and are excited to partner with the team to accelerate the company's expansion, both organically and inorganically." Performive is Renovus' first platform out of Renovus IV, which launched in October 2024 with $875 million of total commitments. Layer 7 Capital served as exclusive financial advisor and McDermott Will & Emery served as legal counsel for Performive. DLA Piper served as legal counsel for Renovus. About Performive Founded in 2005, Performive is a leading managed IT services provider, specializing in managed IT infrastructure, cloud solutions, and cybersecurity for mid-market enterprises. With deep technical expertise and a relentless focus on customer success, Performive empowers businesses to optimize their IT operations and achieve sustainable growth.
Buy Now Pay Later (BNPL)

MODIFI captures $15m investment to expand SME exports in Asia

MODIFI, a leader in B2B Buy Now, Pay Later (BNPL) solutions, recently announced a substantial $15m investment.
Aleta Planet secures strategic investment to boost Middle East operations
B2B Payments

Aleta Planet secures strategic investment to boost Middle East operations

Aleta Planet, a Singapore-based payments solutions provider, announced on Thursday a new investment from the United Arab Emirates' strategic management company National Pulse.
Industry Research

European PayTech investment declined over 80% in 2023 despite higher adoption

Key European PayTech investment stats in 2023: • European PayTech companies raised a combined $1.5bn in 2023, a 81% drop from 2022 • European PayTech deal...
Airwallex and Woo join forces to revolutionize cross-border ecommerce payments
E-commerce

Airwallex and Woo join forces to revolutionize cross-border ecommerce payments

Airwallex, a prominent global payments and financial platform designed for modern businesses, has announced a strategic partnership with Woo, the renowned open-source ecommerce platform built on WordPress.
PingPong and MODIFI unite for revolutionary B2B cross-border payment solutions
B2B Payments

PingPong and MODIFI unite for revolutionary B2B cross-border payment solutions

PingPong, one of the largest payment companies in Asia, has teamed up with MODIFI, a specialized FinTech platform focusing on B2B cross-border financing and payment solutions.
Nayax seals the deal: Acquires Retail Pro International to boost global reach
FinTech News

Nayax seals the deal: Acquires Retail Pro International to boost global...

Nayax, a renowned global commerce enablement platform that offers payment and loyalty solutions, is set to acquire Retail Pro International, a leading name in...
FreedomPay teams up with Visa for global tokenisation
E-commerce

FreedomPay teams up with Visa for global tokenisation

Visa, a worldwide pioneer in digital payments, is set to join forces with FreedomPay, an international leader in Next Level Commerce™.

Latest Analysis

© FinTech Global © Copyright 2024. All rights reserved.

Technology partner
Advanced Vision IT

120,000+ FinTech leaders get exclusive industry stories delivered every week

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2024 with details on each solution