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Fidelity Payment Services secures strategic growth investment from PSG

Fidelity Payment Services, a provider of fully-integrated omni-channel payment processing technology, secured a strategic growth investment from PSG, a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth.

Existing investor HIG Growth Partners also participated in the round.

Financial terms were of the deal have not been disclosed.
 
Fidelity Payment Services’ differentiated payments system is powered by its proprietary technology platform and payment gateway, Cardknox. 

With this new funding, Fidelity Payment Services plans to continue to innovate its Cardknox technology platform, enhance its go-to-market strategy and expand into new markets with an eye towards strategic acquisitions.
  
William Blair served as financial advisor and Paul Hastings LLP served as legal advisor to Fidelity Payment Services. Weil, Gotshal & Manges LLP served as legal advisor to PSG.

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