P97 Networks Receives $40M Growth Capital Investment From Portage
03/30/23, 12:06 PM
Location
houstonMoney raised
$40 million
Industry
mobile
e commerce
Investors
Portage Capital Solutions Strategy, Portage
P97 Networks, the leading mobile commerce and digital marketing platform provider to the convenience retail, auto industry and fuel market, today announced that it has raised $40M in equity financing led by Portage, a global investment platform focused on the fintech and financial services sectors, with participation from existing investors. The capital, which will come from the recently launched Portage Capital Solutions strategy, will fuel strategic growth initiatives at P97 that will further establish the company as the leader in payment and loyalty solutions for mobility-focused retailers.
Company Info
Location
3700 w. sam houston pkwy south
houston, texas, united states
Additional Info
P97 Networks provides a global, cloud-based mobility services platform that enables mobile commerce, digital marketing, and consumer engagement for convenience retail, utilities, energy companies, and auto OEMs. Over 65,000 convenience retail and fuels marketing sites across the globe rely on P97's connected commerce platform, including more than 240,000 EV chargers, to provide mobile payment acceptance for 137 million daily commuters. For more information, visit www.p97.com.