Overview of the transaction
As part of its engagement, Royal Park Partners has supported Dunedin by assessing new and precedent transactions in the Fintech sector, in addition to leveraging its broad network of Fintech connections. This engagement highlights Royal Park Partners’ extensive experience in the global payment space
Overview of Dunedin
Dunedin first invested in GPS as part of a £44m fundraise in 2018.
GPS’ API-first payment technology platform enables innovative card programmes for leading fintechs, digital challenger banks and embedded finance providers.
Its platform has helped scale multiple unicorns and powers a vast array of prominent fintechs across Europe, Asia-Pacific, and the Middle East, including Revolut, Curve, Starling Bank, Zilch, WeLab Bank and Paidy.
Through a single unified code base, GPS enables its customers and partners to launch and scale card programmes across 48 countries, supported by integrations with over 95 issuers.
To date, it has issued over 190 million physical and virtual cards, and last year processed more than 1.3 billion transactions on its cloud-based platform.
Royal Park Partners' role
Royal Park Partners acted as strategic advisor to Dunedin Buyout Fund III L.P., assisting Dunedin with the terms of the recapitalisation.
The recapitalisation involved bringing in Advent International (“Advent”) and Viking Global Investors (“Viking”), both of which have successful track records in investing in payments and software businesses.
GPS will use the investment to accelerate its investment in technology and product innovation, and expand its customer base across Europe, Asia-Pacific, and the Middle East.
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