Fullsteam, an Auburn, AL- and New York-based provider of integrated business management software and payments to customers across the Main Street economy, received an investment from Aquiline Capital Partners and a wholly owned subsidiary of the Abu Dhabi Investment Authority.
The amount of the deal was not disclosed. Aquiline will remain as the lead investor in the company and ADIA will become a significant minority investor.
The company intends to use the funds to enter its next phase of expansion, building upon its rapid organic growth and a portfolio of seventy acquisitions to date.
Established in 2018 by CEO Michael Lawler and Aquiline, Fullsteam is a payments and software company which provides streamlined payments infrastructure and enhanced operational support across multiple sectors, including specialty retail, field services, automotive, leisure, property management, association management, and other specialized markets. By integrating payment processing products with comprehensive resources to accelerate software growth in each of its vertical solutions, the company allows its resident software entrepreneurs to continuously enhance the experience for its current base of approximately 50,000 customers.
Fullsteam is actively seeking further acquisitions across multiple software verticals.
FinSMEs
26/05/2023