PSG backs Fidelity Payment Services

Fidelity Payment Services' existing backer H.I.G. Growth Partners also participated in the funding.

  • With this new funding, Fidelity Payment Services plans to continue to innovate its Cardknox technology platform, enhance its go-to-market strategy and expand into new markets with acquisitions
  • William Blair served as financial advisor to Fidelity Payment Services
  • Fidelity Payment Services was founded in 1996

Fidelity Payment Services, a provider of omni-channel payment processing technology, has secured an investment from PSG. Fidelity Payment Services’ existing backer H.I.G. Growth Partners also participated in the funding. No financial terms were disclosed.

Fidelity Payment Services currently serves over 22,000 merchants across a variety of industries – healthcare, education, amusement / entertainment, restaurants, travel and retail.

With this new funding, Fidelity Payment Services plans to continue to innovate its Cardknox technology platform, enhance its go-to-market strategy and expand into new markets with an eye towards strategic acquisitions.

“Given PSG’s experience in payments, we recognized Fidelity Payment Services immediately as one of the few providers with a robust proprietary technology platform, putting the company in a unique position to address the complex needs of merchants and ISVs,” commented Marco Ferrari, managing director at PSG, in a statement. “We look forward to partnering with the Fidelity Payment Services team to continue supporting their growth.”

William Blair served as financial advisor to Fidelity Payment Services while Paul Hastings LLP served as legal advisor. Weil, Gotshal & Manges LLP served as legal advisor to PSG.
Fidelity Payment Services was founded in 1996 and is headquartered in Brooklyn, New York.

Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid and Tel-Aviv.