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Central Payments Closes $30 Million Growth Equity Raise

Aug 11, 2022almost 3 years ago

Amount Raised

$30 Million

Sioux FallsFintechFinancial Services

Description

Leading Community Bank Private Equity Firm Backs Spinoff of Company behind ‘REAL’ Banking-as-a-Service

Company Information

Company

Central Payments

Location

S Phillips Avenue •

Sioux Falls, South Dakota, United States

About

Central Payments provides payments technology and issuing solutions for fintech and embedded finance businesses. The company’s Open*CP API MarketplaceSM is one of the only true banking-as-a-service payments platforms built fintech bankers with issuing capability embedded. Open*CP’s vertical integration and its native-to-the-cloud technology are the drivers responsible for Central Payments’ rise to the fastest growing prepaid card issuer since 2015*. The company also operates Falls Fintech, its startup fintech accelerator and produces Fintech Brews & News, a podcast devoted to helping bridge the gap between banking, startups, and the entire fintech industry. Visit Central-Payments.com and FallsFintech.com for more information. *Source: The Nilson Report, 2015 to present.

Funding Insights

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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