The amount of the deal was not disclosed.
Led by Mike Wear, CEO, Blankfactor specializes in delivering digital solutions for a range of clients in financial services, payments, including issuers, acquirers, networks, cross-border payments, PSPs, payment facilitators, ISVs, and merchants. The company offers clients an outcome-based delivery model and a range of accelerators for payment orchestration, mobile wallets, ledgers, billing & pricing engines, settlement, and reconciliation.
Commenting on the news, Wear said “We are thrilled to have the continued support of Balance Point through this transaction. The additional capital will allow us to continue to build the market leader in providing digital transformation, data services and artificial intelligence to the world’s most innovative companies in the payments and financial services industries.“