logo
logo
AI

Discover the World’s Fastest Business Insights

Get real-time alerts on funding rounds, executive hires, acquisitions, and more— plus verified contact details and AI-powered outreach to connect faster.
Sign up now to unlock exclusive data and opportunities.

Gps, A Payment Firm Used By Revolut And Zilch, Closes $400M Round

Gps, A Payment Firm Used By Revolut And Zilch, Closes $400M Round

01/13/22, 3:55 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svglondon
Money 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

Company
Gps
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.
G2 High Performer Badge

Never Miss an Opportunity: Your #1 Sales Intelligence Tool

Get lightning-fast updates on funding rounds, executive hires, contract awards, and more—powered by AI-driven insights to help you connect with the right prospects first.