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Castle Creek Capital led a $30m funding round in Central Payments.

Financials

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Transaction Value-
Consideration TypeCash
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EV/EBITDA-
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Tags

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banking

Friendly

Private

financial services

Private Equity

Acquisition

United States

Domestic

Completed

Single Bidder

Minority

fintech

FinTech

Synopsis

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Castle Creek Capital, an investment company led a $30m funding round in Central Payments, a fintech company, with participation from Launchpad Capital. “We see the future opportunity for banks in embedded finance and fintech. Central Payments’ team of fintech bankers and its Open*CP API platform are lynch pins for those relationships. Trent and his team at Central Payments saw this opportunity and executed on it before most knew what ‘banking-as-a-service’ meant,” Tony Scavuzzo, Castle Creak Capital Managing Principal.

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