Financial Transaction Services LLC, a full service provider of electronic transaction processing services, secured a $50m growth equity commitment from FTV Capital.
This financing will enable the company to continue to expand through increased sales efforts targeted at the small and medium business market.
FTS provides for financial institutions, merchants, independent sales organizations, and agents, with a comprehensive suite of transaction processing capabilities including credit, debit, check services, gift card programs, EBT, and merchant cash advance.
The FTS Total Client Care Teams possess knowledge of specialized categories ranging from retail, restaurant and hotel, to convenience store, petroleum, and e-commerce businesses.
In conjunction with the investment, Richard Garman, FTV Capital managing partner, and Chris Winship, FTV Capital partner, have joined the company’s board of directors.
FTV Capital is the first institutional investor for FTS.