News

New holding company focuses on promising payments disruptors

May 4, 2018

Syncapay, a new holding company focused on high-potential payments products, has launched with the backing of Bain Capital Ventures, Silversmith Capital Partners, MissionOG and Nyca Partners. 

Juli Spottiswood, board member and audit committee chairman at Cardtronics, is Syncapay chairman and CEO, according to a press release.

Syncapay plans to acquire payments companies with innovative or emerging technology and solutions and leverage the many synergies between them to accelerate growth. Syncapay made its first acquisition last year, buying Swift Prepaid Services.

"The U.S. payments industry continues its rapid growth, but few opportunities exist for high-potential companies to leverage industry knowledge or shared services and tackle the market together," Spottiswood said in the release. "The Syncapay vision is to build a powerhouse portfolio of disruptor payment solutions that can accelerate growth and success through our investments and support."