Global Processing Services secured £44 million from Dunedin et al

Global Processing Services, a British provider of the backbone card processing tech, announced that it raised £44 million ($58.5M).

As part of the financing, UK private equity house Dunedin will take a significant stake in the business.

Money will be used to fund plans for international expansion.

Global Processing Services, founded in 2007 and led by CEO Suresh Vaghjiani, is certified by Mastercard and Visa to process and manage any credit, debit or pre-paid card transaction globally, GPS currently counts 100+ clients including Starling Bank, Revolut, Pockit, Volt Bank, Loot, Stocard, Glint, Osper and Curve.