Gps, A Payment Firm Used By Revolut And Zilch, Closes $400M Round
01/13/22, 3:55 PM
Location
londonMoney raised
$400 million
Global Processing Services (GPS), a London-based payment firm whose technology is used by digital banks such as Revolut and Starling, has raised an additional $100m (£73m) to bring the now-closed funding round to $400m (£291m).
Company Info
Location
london, ontario, canada
Additional Info
In addition, the company has appointed Gene Lockhart, chair and general partner of MissionOG, as the new chair of GPS. The company is also expanding its presence and back in September 2021, it set up a regional office to offer services in the Middle East and North Africa. GPS said it will use the extra funding to accelerate its growth and expand internationally across Europe, APAC and MENA. Lockhart has previously held roles as the president and CEO of MasterCard International, along with serving as a board member of companies including NuBank and First Republic Bank, among others.“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,” said Lockhart. GPS is an API-first payment processing solutions provider.