EVO Payments, Inc.
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EVO Payments, Inc. - overview
Established
1989
Location
Atlanta, GA, US
Primary Industry
Financial Services
About
EVO Payments, Inc. is a global payment technology company that provides integrated payment processing solutions, enabling merchants to efficiently accept payments across multiple channels, including in-store, online, and mobile. Founded in 1989 and headquartered in Atlanta, US, EVO Payments, Inc. specializes in payment processing solutions.
The company underwent a TRADE SALE where it raised USD 4,000 mn from Global Payments Inc. , marking a significant change in its investment landscape. EVO has completed 9 deals to date. EVO Payments, Inc.
specializes in providing comprehensive payment solutions designed to meet the needs of merchants across various sectors. Their core offerings include integrated payment processing services that facilitate in-store, online, and mobile transactions, supported by their innovative EVO Snap* platform. The company’s client base spans more than 550,000 businesses, including small to mid-sized enterprises as well as multinational corporations across diverse industries. EVO's solutions are available in over 50 markets worldwide, covering regions such as North America, Europe, and parts of Asia, thereby addressing the unique requirements of businesses operating in these geographical areas.
In 2022, EVO Payments, Inc. reported a revenue of USD 543. 08 mn and an EBITDA of USD 152. 30 mn.
The company processes over USD 100 bn in transaction volume annually, generating revenue primarily through transaction fees associated with card acceptance services provided to its clientele. EVO Payments, Inc. plans to utilize recent funding from the TRADE SALE to enhance its product offerings and expand into new markets. The company aims to launch new product features in its EVO Snap* platform by the end of 2023 and is targeting expansion in underserved regions of Europe and parts of Asia by 2024.
Madison Dearborn Partners recently exited its stake in EVO Payments, Inc. , indicating a strategic shift within the company's investment framework.
Primary Industry
Financial Services
Sub Industries
e-Financial, Monitoring & Security Software, Analytics & Performance Software, Accounting/Finance Software
Website
www.evopayments.com
Verticals
Big Data, FinTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
EVO Payments, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | EVO Payments, Inc. | - | ||||||||
| PIPE | Completed | EVO Payments, Inc. | - | ||||||||
| Private Placement/Follow on | Completed | EVO Payments, Inc. | - | ||||||||
| Private Placement/Follow on | Completed | EVO Payments, Inc. | - | ||||||||
| Private Placement/Follow on | Completed | EVO Payments, Inc. | - |
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