Global Processing Services in a $300 million funding round backed by Advent International and Viking Global Investors.

Global Processing Services, a British provider of the backbone card processing tech, announced a $300 million financing round.

The deal was backed by the private equity investors Advent International and Viking Global Investors, which will together control a major stake in the company.

Global Processing Services, founded in 2007 and led by CEO Joanne Dewar, is certified by Mastercard and Visa to process and manage any credit, debit or pre-paid card transaction globally, GPS currently counts clients in 48 countries including Starling Bank, Revolut, Pockit, Volt Bank, Loot, Stocard, Glint, Osper and Curve.

Global Processing Services previously raised £44 million in 2018 and added Visa as strategic investors in 2020.