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FT Partners Advises GPS (now known as Thredd) on its Strategic Financing From Visa

Overview of Transaction

  • On October 19, 2020, Global Processing Services (“GPS”) (now known as Thredd) announced it has secured a strategic investment from Visa
  • Headquartered in London, UK, GPS is a leading issuer processor positioned to support FinTech companies, digital banks and e-wallet providers on their growth journey, from the agility of a proof-of-concept to a fully scaled global offering
  • The Company’s solutions enable brands to provide hyper-personalized user experiences, placing flexibility and control in the hands of the cardholder
  • GPS has integrated with more than 40 issuing banks and operates programs for more than 180 clients across 60 countries, using over 150 currencies

Significance of Transaction

  • This strategic investment will accelerate GPS’ global expansion, following its success in launching new and innovative FinTech companies and digital banks in Europe and South East Asia, including Revolut and Starling Bank

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to GPS
  • FT Partners also previously advised GPS on its £44 million in financing led by Dunedin in 2018
  • This transaction demonstrates the long-term nature of many of FT Partners’ client relationships and highlights our deep Payments domain expertise and successful track record generating highly favorable outcomes for high growth FinTech companies