Payments & Fintech Growth Capital Investments in 2021
Acquisition Volume in Payments & Fintech Growth Capital Investments in 2021 by Year
Last 5 years
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December 29, 2021
- Buyer
- Stella Point Capital
- Target
- Autoagent
- Industry
- Payments & Fintech
- Location
- Florida, United States
- Type
- Growth capital
New York-based private equity firm Stella Point Capital has made a growth investment in Autoagent, a Boca Raton–based provider of cloud tax payment and data solutions. The capital will be used to expand Autoagent’s payments revenue stream, increase penetration into taxing jurisdictions, grow its data footprint, and support regional expansion and future acquisitions while the existing management team remains in place.
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December 7, 2021
- Buyer
- Pollen Street Capital
- Target
- Blue Media S.A.
- Industry
- Payments & Fintech
- Location
- Pomeranian Voivodeship, Poland
- Type
- Growth capital
Pollen Street Capital has made a strategic growth investment in Blue Media S.A., the Polish online payments group behind the Blue Media and Autopay brands. The minority growth investment will support Blue Media’s expansion across European payments and mobility use-cases; the deal (advised by PwC for Blue Media and EY/Clifford Chance for Pollen Street) was expected to close in H1 2022 subject to regulatory approvals.
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December 2, 2021
- Buyer
- Sixth Street
- Target
- Fullsteam Holdings LLC
- Seller
- Aquiline Capital Partners
- Industry
- Payments & Fintech
- Location
- Alabama, United States
- Type
- Growth capital
Fullsteam Holdings LLC, a payments technology and vertical software holding company owned by Aquiline Capital Partners, closed a minority investment from Sixth Street. The growth investment will support Fullsteam's integrated payments platform and continued expansion of its vertical software portfolio across healthcare, field services, specialty retail and other SMB markets.
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October 12, 2021
- Buyer
- The Western Union Company
- Target
- stc Bank
- Industry
- Payments & Fintech
- Location
- Riyadh Province, Saudi Arabia
- Type
- Growth capital
The Western Union Company acquired a 15% minority stake in stc Bank for $200 million, marking a strategic minority investment to deepen its presence in the Middle East payments ecosystem. The deal extends an existing commercial partnership—Western Union will provide cross-border money transfer capabilities to stc Bank's app as stc Bank launches as one of Saudi Arabia's first digital banks.
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September 9, 2021
- Buyer
- Insight Partners, Francisco Partners, Great Hill Partners, NMI management
- Target
- NMI
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Growth capital
NMI, a global commerce enablement and payments technology platform, received a significant growth-equity investment from Insight Partners, joining existing investors Francisco Partners and Great Hill Partners. The company will remain led by CEO Vijay Sondhi and management (who also reinvested); the capital will be used to accelerate product development, global expansion, and NMI's acquisition strategy.
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September 2, 2021
- Buyer
- Pollen Street Capital
- Target
- Ding
- Industry
- Payments & Fintech
- Location
- Ireland
- Type
- Growth capital
Pollen Street Capital agreed to buy a majority stake in Ding, the world’s largest mobile phone top-up service, with founder Mark Roden also investing. The transaction is expected to complete in September, and financial terms were not disclosed.
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- Buyer
- Flexpoint Ford, BMO Capital Partners
- Target
- PayFacto Payments Inc.
- Industry
- Payments & Fintech
- Location
- Quebec, Canada
- Type
- Growth capital
Flexpoint Ford led an equity investment of up to C$150 million in PayFacto Payments Inc., with participation from BMO Capital Partners. The growth capital will fund PayFacto's U.S. expansion, product development (including a cloud-based POS), and future acquisitions to accelerate its payments and POS strategy.
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June 22, 2021
- Buyer
- EQT Growth (EQT AB)
- Target
- Mollie
- Industry
- Payments & Fintech
- Location
- North Holland, Netherlands
- Type
- Growth capital
EQT Growth (via EQT AB) has invested in Mollie as part of the company’s $800 million Series C financing that values the Amsterdam-based payments provider at about $6.5 billion. The growth investment will support Mollie’s continued product and engineering investment and accelerate its geographic expansion across Europe as it scales its payments platform for SMEs and e-commerce merchants.
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March 24, 2021
- Buyer
- Nordstjernan
- Target
- Roaring
- Seller
- Founders and existing shareholders
- Industry
- Payments & Fintech
- Location
- Stockholm, Sweden
- Type
- Growth capital
Nordstjernan has agreed to invest just over 20% in Swedish fintech Roaring, becoming a partner to the founders and existing shareholders to support the company's continued growth. Roaring — founded in 2016 and based in Täby, Stockholm — provides KYC/AML automation and data/API services to companies across sectors; the capital comes from Nordstjernan's Growth & New Technology initiative.
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March 18, 2021
- Buyer
- Fattmerchant
- Target
- Fusebill
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Growth capital
Orlando-based payments provider Fattmerchant has made a strategic investment in Fusebill, an Ottawa-founded cloud subscription billing and payments platform. The partnership aims to combine Fusebill's subscription-billing capabilities with Fattmerchant's integrated payments stack to expand capabilities and drive international growth.
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- Buyer
- The Rise Fund (TPG)
- Target
- Airtel Mobile Commerce BV (Airtel Africa mobile money business)
- Seller
- Airtel Africa plc
- Industry
- Payments & Fintech
- Location
- Netherlands
- Type
- Growth capital
The Rise Fund, TPG’s impact investing platform, will invest $200 million for a minority stake in Airtel Mobile Commerce BV (AMC BV), Airtel Africa’s mobile money business, valuing the business at $2.65 billion on a cash- and debt-free basis. Airtel Africa will retain a majority stake; proceeds are earmarked to reduce group debt and invest in network and sales infrastructure, and Airtel aims to explore a potential listing of the mobile money business within four years.
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February 16, 2021
- Buyer
- Warburg Pincus LLC
- Target
- Personetics
- Industry
- Payments & Fintech
- Location
- New York, United States
- Type
- Growth capital
Personetics, a provider of AI-driven personalization and customer engagement software for banks, raised $75 million in growth funding from Warburg Pincus to accelerate global expansion of its platform. The investment will support scaling distribution and product development as Personetics expands its footprint with banks across multiple markets.
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January 14, 2021
- Buyer
- Warburg Pincus
- Target
- LendingPoint
- Industry
- Payments & Fintech
- Location
- Georgia, United States
- Type
- Growth capital
Warburg Pincus made a $125 million preferred equity growth investment in LendingPoint to support the company's expansion of financing solutions for ecommerce, point-of-sale, and financial institution partners and to enhance its data and technology platform. LendingPoint, a metro-Atlanta fintech that has originated over $2.5 billion in loans since 2015, will use the proceeds to scale products, data science, and merchant integrations.
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