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FT Partners Advises Payrix on its ~$800 million Sale to FIS

Overview of Transaction

  • On February 14, 2022, FIS (NYSE: FIS) announced it has agreed to acquire Payrix from an investor group led by Blue Star Innovation Partners and Providence Strategic Growth for approximately $800 million
  • Founded in 2015, Payrix is an innovative FinTech company that specializes in servicing software as a service (SaaS) companies who want to embed payments into their offerings and enhance the payments experience
  • The Company provides the tools to create a seamless, embedded user experience and offers clients the choice of payment facilitation-as-a-service (PFaaS) or a full payment infrastructure (payment IaaS) product based on business appetite
  • FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally

Significance of Transaction

  • The acquisition allows FIS to enhance embedded payments and finance experiences for small- and medium- sized businesses (SMBs) in any industry, accelerating the Company’s fast-growing e-commerce business
  • FIS will further capitalize on the fast-growing demand for embedded finance capabilities by combining Payrix’s industry-leading automated underwriting and onboarding capabilities with Worldpay

FT Partners' Role

  • FT Partners served as exclusive financial and strategic advisor to Payrix
  • This transaction underscores FT Partners' deep payments domain expertise and successful track record of generating favorable outcomes for leading FinTech companies globally