Doug Bergeron, former CEO of California-based electronic payments specialist VeriFone, and private equity house GTCR have teamed to launch Opus Global Holdings, a new $500 million fintech investment fund, Silicon Valley Business Journal reported on September 25.
GTCR will invest up to $450 million worth of equity capital into Opus Global. Bergeron will commit the additional $50 million to the project.
“The existing financial technology and payments ecosystems are rapidly evolving, but remain highly fragmented with limited interoperability and little opportunity to leverage enterprise-wide data,” Bergeron said in a September 25 statement. “We see an opportunity to successfully consolidate and globalise best-in-breed products for worldwide deployment while leveraging data across applications.
For more on Bergeron’s history with VeriFone and his new project, read the full report here.
“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More