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.
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