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Dna Payments Acquires Uk-Based Payment Solutions Provider First Payment Merchant Services

PRIVATEFeb 15, 2022

Acquiring Company

Dna Payments

Acquired Company

First Payment Merchant Services

United KingdomFinancial ServicesSoftwareFinancial ServicesSoftwarePayments

Description

Following its £100 million fundraise from Alchemy Partners in 2021, DNA Payments marks its 7th acquisition with the strategic purchase of First Payment Merchant Services (FPMS), a payment solutions provider based in Surrey, UK.

Quick answer

Dna Payments is acquiring First Payment Merchant Services, announced February 15, 2022.

How much did Dna Payments pay for First Payment Merchant Services?
The deal value was not disclosed.
What does Dna Payments do?
DNA Payments Limited was founded by Arif Babayev and Nurlan Zhagiparov and is one of only a few independent, fully vertically integrated payments companies in UK and EU.
Where are Dna Payments and First Payment Merchant Services based?
First Payment Merchant Services is based in United Kingdom.

Source: Fundz verified event record.

Other recent acquisitions in Financial Services and Financial Services

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Company Information

Company

Dna Payments

About

DNA Payments Limited was founded by Arif Babayev and Nurlan Zhagiparov and is one of only a few independent, fully vertically integrated payments companies in UK and EU. DNA Payments Group owns the UK’s largest independent omnichannel gateway – Optomany, which services large corporates and medium size businesses. 123 Send Limited and Active Merchant Services limited is also part of DNA Payments that provide services to SME customers. They are also one of the largest providers of PaaS and SaaS services to multinational Acquirers and Banks. DNA Payments is committed to build a transparent business model, so that customers can easily track their money at each stage whilst it is being processed through the use of fast and efficient technology. DNA Payments Limited is authorised and regulated by the Financial Conduct Authority, under the Payment Services Regulations 2017 for the provision of payment services.

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Frequently asked

Who acquired First Payment Merchant Services?

First Payment Merchant Services was acquired by Dna Payments. The deal was reported on February 15, 2022. DNA Payments Limited was founded by Arif Babayev and Nurlan Zhagiparov and is one of only a few independent, fully vertically integrated payments companies in UK and EU. Dna Payments is privately held and operates in Financial Services.

When did Dna Payments acquire First Payment Merchant Services?

Dna Payments's acquisition of First Payment Merchant Services was reported on February 15, 2022. Following its £100 million fundraise from Alchemy Partners in 2021, DNA Payments marks its 7th acquisition with the strategic purchase of First Payment Merchant Services (FPMS), a payment solutions provider based in Surrey, UK. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does First Payment Merchant Services do?

First Payment Merchant Services, based in Surrey, was founded by Managing Director Vicki Kelson in 2011, providing credit and debit card terminals and Epos business finance to businesses throughout the UK. It is privately held, operating in Financial Services, and is based in United Kingdom.

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