News & Events
The TransGlobal news & events section contains a detailed selection of the latest
industry news, as well as details of recent company and product developments. These
pages are updated regularly, so remember to come back soon.
Newsroom & Press Releases
For all enquires please contact:
P: 0844 815 3240
E:
enquiries@transglobalpayments.com
9th April 2010 – TransGlobal Payment Solutions secures second round funding led
by Enterprise Ventures
TransGlobal Payment Solutions Limited (TPS), a leading provider of international
and domestic corporate payment solutions, today announced strategic investments
by existing investor, EV and individual investors. The second round of financing,
led by EV Growth, will be used to build out and accelerate adoption of its PayFac
hosted payment platform. PayFac is the fasted growing corporate payment solution
in the UK and since its launch in 2007 usage has grown rapidly to over 500 corporate
customers. PayFac addresses the market demand for a simple, easy to use payment
solution for domestic and international payments and direct debits.
Following the investment new investor Peter Fortune will become Chairman replacing
Gareth Jones who has been Chairman since the company’s founding in 2007. Commenting
on the appointment Gareth Jones, chairman, TPS said: “Peter’s wealth of experience
in the payments sector and in growing businesses to realise their potential will
be a great asset to the company.” He continued: “My two years at TransGlobal have
been both exciting and challenging. The business has been successful in two financing
rounds and is now firmly established as a leading player in the international payments
space. The latest funding will further accelerate its growth and the company is
now positioned well for the future.”
Commenting on his appointment Peter Fortune said “TransGlobal has invested wisely
in its web based PayFac payment platform which has simplified the way businesses
make international and domestic payments. I look forward to supporting Warren and
the executive team in this next stage of its growth”. Warren Whyte, CEO of TPS added
“I would also like to thank Gareth on behalf of the shareholders and management
for helping establish the business to its leading position today”
Wayne Thomas, investment director at EV further commented, “There is a huge market
opportunity to simplify global corporate payments and TPS is well positioned to
exploit it - we are delighted to make our second investment in the company”
About TransGlobal Payment Solutions
TransGlobal Payments Solutions (www.transglobalpayments.com) is a leading provider
of domestic and international payment solutions. TransGlobal’s unique PayFac solution,
a Software as a Service (SaaS) offering, allows businesses to make domestic and
international payments and direct debits on one platform without the need to install
and maintain software. Businesses can replace bank, foreign exchange, BACS and direct
debit management solutions with one solution and one common, highly secure process.
PayFac is the fastest growing corporate payment platform in the UK and is used by
over 500 medium and large corporations.
About EV
EV is an independent fund management company which provides venture and growth funding
of up to £2 million to new or existing SMEs located throughout the UK. It is able
to invest across most stages of development, including in proof of concept and early
stage technology deals, start-ups, management buy-outs, replacement capital and
development capital deals. For further information, visit the company’s website
at www.evgroup.uk.com
Contacts
TransGlobal: Warren Whyte +44 (0)844 815 3240. Email warren.whyte@transglobalpayments.com
1st February 2010 - TransGlobal and GTP partner to provide foreign exchange services
TransGlobal are pleased to announce a partnership with GTP, one of the UK’s leading
providers of card payment services, technology and expertise. By forming this partnership,
G-T-P will now offer its Prepaid FX Cards in conjunction with TransGlobal’s foreign
exchange and international payments services.
Read more
21st October 2009 - The Changing Payment Landscape - Can you Afford not to Keep
Up?
TransGlobal is a leading innovator in the payments industry.
Click here to read our latest article in Accounts Payable News.
21st July 2009 - City AM
www.cityam.com/news-and-analysis/Julie-Meyer/cdwcukfblj.html
19th May 2009 - Insider Media Ltd
www.insidermedia.com/nwest/deals/daily_deals_news/deals_stories/transglobal1/index.html
19th Nov 2008 - Liverpool Daily Post
www.liverpooldailypost.co.uk/ldpbusiness/business-local/2008/11/19/money-payment-firm-secures-1m-for-expansion-96026-22290564/
19th Nov 2008 - Invest in North West
http://www.englandsnorthwest.com/invest/news/archive/7651-foreign-transaction-firms-plans-northwest-hq.html