Global Processing Services upsizes fundraise to over US$400m with backing from Temasek and MissionOG
The payment technology platform expanded its latest financing round with participation from new strategic investors.
Global Processing Services operates an API first payment technology platform that enables card programmes for fintechs and digital challenger banks. The company provides scalable cloud infrastructure supporting physical and virtual card issuance across multiple markets.
Global Processing Services has upsized its latest funding round to over US$400m following participation from new investors Temasek and MissionOG. The financing builds upon an initial round co-led by Advent International and Viking Global Investors. The capital injection will support the payment technology platform in expanding its international footprint and accelerating product development. Alongside the transaction, MissionOG partner Gene Lockhart has assumed the role of board chair.
Investor perspective
"GPS is an innovative technology company, and we believe their unique position at the heart of the global payments ecosystem ideally positions them to power the next generation of financial services. With the deep network and experience MissionOG brings to the table, we look forward to being a trusted and valued partner of Joanne and the entire team."
Gene Lockhart
Chair and General Partner, MissionOG
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
Categories
About the company
Global Processing Services
Global Processing Services operates an API first payment technology platform for fintechs and digital banks.