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FT Partners Advises Payworks on its Sale to Visa

Overview of Transaction

  • On July 17, 2019, Visa announced the acquisition of Payworks
  • Founded in 2012 and headquartered in Munich, Germany, Payworks is a leading global provider of point-of-sale (POS) payment technology
  • With over 45k monthly active terminals, Payworks’ technology has simplified omnichannel card acceptance through its pre-certified and easily accessible gateway solution
  • 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

  • Visa will bring Payworks’ cloud-based solution for in-store payment processing together with its CyberSource digital payment management platform to create a fully integrated payment acceptance solution for merchants and acquirers, at scale
  • The acquisition follows a strategic partnership and investment Visa made in Payworks in 2018

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Payworks and its Board of Directors
  • FT Partners previously advised Payworks on its $14.5 million Series B financing with participation from Visa in 2018
  • The Payworks sale underscores FT Partners’ successful track record generating highly favorable outcomes for leading Payments companies
  • This transaction also highlights FT Partners’ expertise in bringing our clients together with world class strategic investors and acquirers