Financial Technology Partners - The Only Investment Bank Focused Exclusively on Financial Technology

FT Partners Advises Payworks on its $15 million Series B Financing

Overview of Transaction

  • On January 31, 2018, Payworks closed a $14.5 million Series B capital raise
  • Founded in 2012 and headquartered in Munich, Germany, Payworks is a leading global provider of Point of Sale payment technology
  • Payworks’ technology has simplified omnichannel card acceptance through its pre-certified and easily accessible gateway solution
  • CommerzVentures is the corporate venture capital fund of Commerzbank Group, that invests in early- and growth-stage companies in the financial services and insurance sectors
  • Visa is a global payments technology company processing over $10 trillion in volume, with expansive operations across over 200 countries and territories

Significance of Transaction

  • The additional capital will drive global growth and scale with focus on R&D and Product teams
  • Expanding across offices in Munich, New York, London and Barcelona will enable the company to fulfill the growing demand for its solution amongst its global client base

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Payworks and its Board of Directors
  • This transaction underscores FT Partners’ successful track record generating highly favorable outcomes for leading Payments companies
  • FT partners leveraged its deep industry knowledge, extensive experience, and broad scope of relationships to help achieve a positive result for the Company