VRC is proud to release its latest Industry Report. The report provides a concise, insightful update on the Payment Services industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Read the full report: Payment Services: May 2020
May 2020 Industry Highlights
- On February 19, 2020, Motive Partners, a specialist private equity firm focused on technology-enabled business and financial services companies, announced the closing of its transaction with Fiserv, Inc., a leading global provider of payments and financial services technology solutions, under which Motive Partners has acquired a majority interest in the investment services business of Fiserv for approximately $510 million.
- On January 21, 2020, Fidelity National Information Services, Inc. completed $35 million in series B funding for San Francisco-based payment solutions company Flutterwave. The transaction provides Fidelity access to the growing payment processing and ecommerce market in Africa.
- Read the full May 2020 Payment Services industry report.
Past Industry Updates: