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TMT,Financial Services,Business Services

Investing in disruptive fintech for international growth

By Dunedin,  December 19,2018

Description: Global Processing Services (GPS) is the global payments processor and tech powerhouse behind some of the most exciting digital banks, challenger banks, fintechs and financial institutions globally

COMPANY
GPS

SECTOR
TMT,Financial Services,Business Services

DEAL SIZE
N/D

Overview

GPS is helping to disrupt a multi-billion-pound industry and is well positioned to take advantage of the continuing rise of highly successful fintech payments companies around the world. We are supporting the management team to help GPS become a truly global leader in this niche payments market.

The Opportunity

GPS has demonstrated rapid growth, driven by market and customer demand for its market leading technical functionality and speed in getting customers’ new payment and banking products to market. The addressable international market for GPS is large, serving innovative and emerging fintech/challenger bank offerings and gaining traction with traditional providers.

We were attracted to GPS as we saw a significant opportunity to apply our experience of enabling UK companies with a technological edge to shine on the international stage. We are working with GPS to increase their client portfolio and grow the client base internationally. This includes building the sales and marketing function, looking at innovative client offerings, enhanced functionality and developing new product offerings for larger established banks without the challenge of overhauling legacy systems.

To prepare for this growth we have already recruited a strong Chairman and Finance Director to the GPS team.

Working together

The founders of GPS attended our annual investor and investee meeting at Gleneagles before they formally selected us. This allowed them to get a deeper understanding of how we work and to meet the wider Dunedin team, thus cementing a very strong working relationship.

Looking ahead

The electronic payments market is well established, global and forecast to continue evolving and growing. GPS has seen its revenue grow from £1m in 2014 to £9.9m in 2017 and in the same period employee numbers have increased from 49 to 110. This impressive growth rate is being driven by client acquisition, retention and underlying client growth. There are also significant growth opportunities to pursue in new geographies, specifically in Asia, the Middle East, LATAM and North America.

Quote

“The Dunedin team have been a pleasure to work with right from the outset.  There is a genuine desire to build strong relationships with our leadership team in order to more fully understand the culture of our organisation and consequently how they can really add value.  Already there is clear benefit from having the experience of Dunedin on our Board and we are excited about where our partnership is going to take us”.

Joanne Dewar, Chief Executive Officer, Global Processing Services

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