MissionOG is a growth equity firm based in the United States that partners with high growth businesses in financial services, payments, data platforms, and software.
The financing round was co-led by Cota Capital and TempoCap to drive the adoption of account-to-account payments.
"In the next four years, the global value of open banking payments is expected to exceed $116 billion, with Europe accounting for 75% of all transactions,"
The payment technology platform expanded its latest financing round with participation from new strategic investors.
"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."
Insight Venture Partners and MissionOG led the £25m funding round.
"We have made tremendous progress over the last 15 months since our last fund raising – and this fund raise is the largest to date. The additional funds will enable us to continue rapidly growing the business internationally by focusing on our products, our people and our customers."