PSG completed the investment in Versatile Credit.

Transaction Tags

• software company
• Software
• Domestic
• Minority
• Venture Capital
• Friendly
• United States
• Acquisition
• Private
• Private Equity
• Completed
• Single Bidder

Synopsis

PSG, a private equity firm, completed the investment in Versatile Credit, a provider of software connecting merchants, lenders and consumers. Financial terms were not disclosed. “Our momentum to date reflects what we believe is a market opportunity for Versatile as well as for the merchants, lenders and consumers we are proud to serve. We are grateful for the opportunity to partner with PSG, a firm with a strong heritage in fintech investing that can provide the resources and domain knowledge we believe will be critical to the successful execution of our strategic growth plans," Ed O’Donnell, Versatile Chief Executive Officer.

Sources