Payments & Fintech Acquisitions in Indiana

Great Hill Partners has made a strategic growth investment in Ren, a leading donor-advised fund (DAF) technology and philanthropic infrastructure provider, to support product innovation, operational scale, and market expansion across financial advisors, wealth managers, and philanthropic institutions. Financial terms were not disclosed; Great Hill partners Nick Cayer, Matt Vettel, and Bob Anderson will join Ren’s board alongside existing representatives from Bain Capital, Valeas Capital, and Amy Danforth, while Bain Capital Tech Opportunities remains a significant shareholder.

RF Investment Partners provided an additional strategic growth capital investment in portfolio company Allied Payment Network, with Plymouth Growth joining as a co-investor. The funding will support Allied's next-generation infrastructure and product development as the payments provider targets accelerated revenue and transaction growth with banks and credit unions across the U.S.

RF Investment Partners completed a growth capital investment in Allied Payment Network, a Fort Wayne, Indiana-based provider of online and mobile payment solutions for banks and credit unions. The financing will support Allied's product innovation and expansion to help financial institutions acquire and retain account holders.

Payroc WorldAccess, LLC (Payroc) has acquired Select Merchant Services, Inc. (d/b/a Retriever Merchant Solutions), a Munster, Indiana-based independent sales organization for payment processing. The deal brings approximately 30,000 merchants and 60 employees into Payroc, expands Payroc's annual payment volume and distribution capabilities, and provides Retriever access to Payroc's technology, underwriting, and global services.