FreedomPay, a Philadelphia, PA-based commerce platform, received an investment from TPG.
The financial terms of the deal were not disclosed.
The company intends to use the funds to strategically enhance and grow the business.
Founded in 2000 and led by Tom Durovsik, CEO, FreedomPay provides cloud-based payments solutions for the entire commerce ecosystem. The omni-channel payments and incentives platform provides fully-integrated, processor agnostic technology that helps large enterprises manage their payments infrastructure, security, analytics, and marketing offers.
The company works with global leaders across retail, hospitality, gaming, education, healthcare, and financial services.