Global Processing Services’ $300+ Million Fundraising

Orrick Herrington & Sutcliffe advised Global Processing Services on the deal.

Global Processing Services, the leading global payment technology platform, has raised over US$300 million from Advent International and Viking Global Investors, who will co-control the company. The investment by Advent will be funded through Advent Tech and Sunley House Capital, an affiliate of Advent.

GPS’ API-first payment technology platform enables innovative card programmes for the world’s leading fintechs, digital challenger banks and embedded finance providers. Its platform has helped scale multiple unicorns and powers a vast array of prominent fintechs across Europe, Asia-Pacific, and the Middle East, including Revolut, Curve, Starling Bank, Zilch, WeLab Bank and Paidy. Through a single unified code base, GPS enables its customers and partners to launch and scale card programmes across 48 countries, supported by integrations with over 95 issuers. To date, it has issued over 190 million physical and virtual cards, and last year processed more than 1.3 billion transactions on its cloud-based platform.

The Orrick team was led by Chris Grew (Picture) and Dan Wayte, and includes Nick Hayes, Patrick Driscoll, James Badge, Anna O’Kelly, Kristiyana Hart, Julia Wilson, Charlie Sheldon, Jonathan Rosen, Andrew Holland, Douglas Lahnborg, Saira Henry, Fiona Shajko, Anthony Kay and Allie Ames.

Involved fees earner: James Badge – Orrick Herrington & Sutcliffe LLP; Patrick Driscoll – Orrick Herrington & Sutcliffe LLP; Christopher Grew – Orrick Herrington & Sutcliffe LLP; Nicholas Hayes – Orrick Herrington & Sutcliffe LLP; Saira Henry – Orrick Herrington & Sutcliffe LLP; Anthony Kay – Orrick Herrington & Sutcliffe LLP; Douglas Lahnborg – Orrick Herrington & Sutcliffe LLP; Jonathan Rosen – Orrick Herrington & Sutcliffe LLP; Fiona Shajko – Orrick Herrington & Sutcliffe LLP; Charlie Sheldon – Orrick Herrington & Sutcliffe LLP; Daniel Wayte – Orrick Herrington & Sutcliffe LLP;

Law Firms: Orrick Herrington & Sutcliffe LLP;

Clients: Global Processing Services;

Author: Martina Bellini