Thredd UK Limited
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Thredd UK Limited - overview
Established
2007
Location
London, -, UK
Primary Industry
Financial Services
About
Founded in 2007 and based in London, UK, Global Processing Services Group Limited is a fintech company that provides a payment processing platform used by companies in handling credit, debit, and prepaid card payment transactions. In October 2020, Dunedin LLP and Visa Ventures invested an undisclosed amount in Global Processing Services Limited, and in October 2021, Viking Global Investors and Advent International agreed to invest USD 300 million in Global Processing Services Limited. In 2023 GPS rebrands as Thredd. As of 2025, the company is led by its CEO, Jim MacCarthy.
The company offers highly scalable and secure global payments processing capabilities through its platform, GPS Apex. The GPS Apex enables easy integration with customers, issuers, program managers, card manufacturers, and many other service providers. GPS provides key payments technology infrastructure, enabling the global fintech revolution. The firm's solutions include agency banking services, chargebacks, fraud mitigation, mobile solutions, real-time data feed, and more.
The company plans to use the October 2021 investment to accelerate its technology investments in product development and continued global expansion of its customer base in 48 countries across Europe, Asia-Pacific, and the Middle East.
Current Investors
Dunedin, Visa Ventures, Advent International
Primary Industry
Financial Services
Sub Industries
e-Financial, IT Security/Cybersecurity
Website
www.globalprocessing.com
Verticals
FinTech, FinTech, Mobile Apps
Total Amount Raised
Subscriber access only
Thredd UK Limited - timeline of key events
Thredd UK Limited - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|
| Revenue (USD) | 6,388,829 | 16,501,258 | - | - | - |
| % Revenue Growth (YoY) | - | 158.3% | - | - | - |
| EBITDA (USD) | 1,983,107 | 4,964,710 | - | - | - |
| Operating Income (USD) | 213,906 | 1,540,219 | - | - | - |
| Operating Margin | 3.3% | 9.3% | - | - | - |
| % EBITDA Margin | 31.0% | 30.1% | - | - | - |
| NET Income (USD) | (3,917,914) | (6,119,406) | - | - | - |
| % Net Margin | (61.3%) | (37.1%) | - | - | - |
Thredd UK Limited - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Thredd UK Limited | - | ||||||||
| Secondary Buyout | Completed | Thredd UK Limited | - | ||||||||
| Growth | Completed | Thredd UK Limited | - |
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Thredd UK Limited - employee data
Thredd UK Limited - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Founder, IT Director and Board Member | BM |
BM Board Member
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