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June 16, 2022

Allied Payment Network secures investment to fuel product innovation

Allied Payment Network, which offers payment technology services to financial institutions, has secured an undisclosed amount of investment from RF Investment Partners.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
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The company will utilise the proceeds to accelerate product innovation and growth strategies.

Allied founder and CEO Ralph Marcuccilli said: “This new investment from RF underlines our commitment to remaining the market leader in providing first-to-market, modernised solutions that meet consumer and small business payments expectations.

“Together with RF, we can capitalise on additional opportunities that further our mission of harnessing the power of technology to support our financial institution clients’ success.”

Allied president Kelli Schultz stated: “Today’s banking industry demands financial institutions to provide a simplified, faster and more transparent bill management experience. Our solutions, with the RF partnership, position us to deliver.”

Based in Indiana, Allied offers money movement services to banks and credit unions. The company’s solution suite includes FlexPay, PicturePay, P2P, eBills and PortalPay. The company also offers solution to sell and hold bitcoin among others.

Commenting on the investment, RF managing partner Peter Fidler said: “Allied is helping financial institutions build strategic relationships with consumers through technology solutions that support financial wellness.

“We’re excited to partner with the Allied team to accelerate product innovation and expand brand awareness across the banking ecosystem.

“We could not be more enthusiastic about working with this management team. Their depth, experience and track record in the payments market is truly impressive.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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