P97 Networks, a mobile commerce platform provider to the convenience retail, fuels marketing, and automotive industries, has secured USD40 million of venture debt financing from an affiliate of Peak Rock Capital, a middle-market private investment firm.
This new credit facility was designed to support several key growth initiatives at P97.
P97’s Mobility Services platform was developed to support the Connected Economy and address the challenges of a changing mobility landscape by seamlessly powering a vast collection of interoperable ecosystems with payments as a core competency. Beyond commerce, the platform serves as an engagement engine, where payments are tokenised for security and then tailored to experiences that meet consumers’ needs in unique and personalised ways.
