Overview of Transaction

• On June 19, 2018, Global Processing Services (“GPS”) (now known as Thredd) announced it has raised £44 million in funding led by Dunedin
• This is the first external investment accepted by GPS
• Headquartered in Dougal, Isle of Man, with offices in London, UK, GPS is an award-winning proprietary API-based software platform powering leading next generation payments and banking innovators
• GPS is revolutionizing issuer processing by offering disruptive FinTech card programs and mobile first banks with high-speed, direct connectivity to networks and issuers while approving transactions and initiating payment / settlement instructions
• GPS’ developer friendly platform provides market leading, customizable solutions for card programs requesting specific processing features for their customers
• Strengths in flexibility, implementation and customer service enable GPS’ clients success with reliable processing and on demand support
• Dunedin is a UK private equity firm targeting buyouts and investments in market leading companies in the UK

Significance of Transaction

• With this latest minority investment, GPS plans to build a world class sales team, additional data centers and continue to fuel international expansion
• The deal is the UK’s 3rd largest FinTech financing so far in 2018

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to GPS and its Board of Directors
• This transaction underscores FT Partners' deep Payments domain expertise and tis successful track record generating highly favorable outcomes for high growth FinTech companies globally