Fortis Adds C-Suite Leaders to Boost Embedded Payments Growth

Fortis, the payment technology leader for software platforms and scaling businesses, today announced the strategic appointment of two industry veterans to its executive leadership team: Brad Bialas as Chief Commercial Officer (CCO) and Kimling Lam as Chief Marketing Officer (CMO). These key appointments position Fortis for its next phase of aggressive growth across the software and ERP ecosystem. “Brad and Kimling represent the caliber of leadership Fortis needs as we scale to meet increasing demand for our embedded commerce...

Global Payments to Acquire Worldpay, Divest Issuer Solutions

Global Payments Inc. , a leading worldwide provider of payment technology and software solutions, announced definitive agreements to divest its Issuer Solutions business to FIS for $13.5 billion and acquire Worldpay from GTCR and FIS for a net purchase price of $22.7 billion, or total value of $24.25 billion including $1.55 billion of anticipated tax assets. This reflects a 12.3x adjusted EBITDA multiple for Issuer Solutions and an 8.5x adjusted EBITDA multiple for Worldpay on...

Flutterwave Earns Prestigious Spot on CNBC’s 2024 Disruptor 50 List

Flutterwave, Africa’s leading payment technology company, has earned a spot on the prestigious 12th annual CNBC Disruptor 50 list alongside companies like OpenAI, Stripe, Monzo. This recognition underscores its innovation and expansion, achieved amidst challenging market conditions and economic downturns. The CNBC Disruptor 50 list is renowned for spotlighting private enterprises that shake up traditional industries and chase substantial opportunities. Criteria such as scalability, user growth and use of breakthrough technologies are key factors in the selection process, making...

Payzli Selects Michael LaCapria for Board of Directors

United Payment Systems, LLC doing business as Payzli® announced the selection of Michael Lacapria as a director to Payzli’s Board of Directors. Mr. Lacapria was selected to serve on Payzli’s Board by Esquire Financial Holdings, Inc. (“Esquire”) in connection with Esquire’s $6 million strategic fintech investment in Payzli. Mr. Lacapria has over 20 years of experience as a leader in the financial services industry.  Since 2018, he has served as Senior Vice President and Chief Financial Officer of...

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