Syncapay launches operations in the US
Syncapay, a holding company focused on high-potential payments solutions, has launched operations in the US.
The launch was backed by Bain Capital Ventures, Silversmith Capital Partners, MissionOG, and Nyca Partners.
Syncapay aims to acquire payment firms with disruptive technologies and use their synergies to drive growth. The focus will be on firms offering B2B and B2C payments in growth markets.
The company will include a team of operationally-focused entrepreneurs, investors and payments subject matter experts. Juli Spottiswood has been appointed as the chairman and CEO.
“The U.S. payments industry continues its rapid growth, but few opportunities exist for high-potential companies to leverage industry knowledge or shared services and tackle the market together. The Syncapay vision is to build a powerhouse portfolio of disruptor payment solutions that can accelerate growth and success through our investments and support,” Spottiswood said.
In December 2017, Bain Capital Ventures and Silversmith Capital Partners acquired Swift Prepaid Solutions, a prepaid solutions provider for global incentive and reward programmes.