Processing.com, a global payments solutions provider, received an equity investment from Chicago-based private equity firm LaSalle Capital.
The amount of the deal was not disclosed.
The company intends to use the funds to expand globally and to further invest in its technology-driven solutions for merchants, ISOs, and acquiring banks.
Led by Avi Chesed, CEO, and Jon Avganim, President, Processing.com provides e-commerce merchants with a proprietary payment processing platform and services to accept online payments in multiple currencies around the globe via a network of acquiring banks.
In addition, the company deploys security and fraud analytics as well as real-time reporting tools.
Processing.com has offices in Sofia, Bulgaria; Watford, United Kingdom; and Miami, FL, and Sherman Oaks, CA, in the USA.