Synovus to invest in Qualpay.

Synovus, a Georgia-chartered, FDIC-insured bank, agreed to invest in Qualpay, a provider of a cloud-based platform that combines a payment gateway with robust merchant processing solutions. Financial terms were not disclosed. "Qualpay is excited to partner with Synovus to propel our growth into platform-as-a-service and augment with embedded finance. As we enter this new phase of growth, we’ll provide ISVs best-in-class customer service from both the merchant and partner side in a way that is simply unmatched by other industry players. We’ve enjoyed a long, fruitful relationship with Synovus, and we are extremely pleased to be chosen to support Maast in the delivery of this innovative fintech solution," Craig Gass, Qualpay CEO.