London-headquartered Global Processing Services (GPS), the Global API-first payment technology platform, powering the world’s leading fintechs, including Revolut, Curve, Starling Bank, Zilch, WeLab Bank and Paidy, today announces it has raised over US$300 million from Advent International (“Advent”) and Viking Global Investors (“Viking”).
The new investors and subsequent funding will provide deep payments and fintech experience to accelerate technology investments in product innovation and continued expansion in 48 countries across Europe, Asia and the Middle East.
The investment follows a strategic investment from Visa in October 2020.
GPS is a company at the heart of fintech’s global expansion, powering leading fintechs, digital challenger banks and embedded finance providers through its API-first payment technology.
To date GPS has:
Issued 190 million physical and virtual cards
Processed more than 1.3 billion transactions on its cloud-based platform
Expanded into APAC and MENA
Integrated with 95 issuer partners and operates programmes for a client base across the globe
Powered today’s leading fintechs, including Revolut, Curve, Starling Bank, Zilch, WeLab Bank and Paidy
Secured strategic investment from Visa, a long-term partner of GPS
Established a new regional centre of excellence in United Arab Emirates (UAE) having been selected as one of its preferred issuer processors in Asia-Pacific and the MENA region
Please see below for full press release for further information.
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