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Synopsis
Flexpoint Ford, a private equity firm, led a $120m investment round in PayFacto Payments, a provider of payment solutions and point-of-sale technologies. BMO Capital Partners also participated in the round. "With its impressive track record and experience in the financial services sector, Flexpoint Ford is the ideal partner to help drive PayFacto's growth. We're incredibly proud of everything we've accomplished as a Canadian company; now we've reached an exciting inflection point and our new financial partners will help take us to the next level in our company's evolution. Flexpoint Ford not only has a deep knowledge of the payments sector, but they also share our values and vision for success. We're pleased that BMO, which debt financed our two POS acquisitions, will continue to be part of our growth story, now as an equity investor," Martin Leroux, PayFacto President and CEO.
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