Payments

DNA Payments secures £100 million to ramp up growth

DNA Payments, a London-based payments company serving worldwide retailers, has secured a £100 million investment by Alchemy Partners according to a press release.

The company says it will use the capital injection to enhance product offerings and continue selective acquisitions to grow in the UK and internationally. The company has already started accelerating its technology offerings, recently adding new e-comm solutions and payments methods to its fully cloud-based omnichannel by including Pay by Link, Checkout v3, ApplePay, Pay by Bank, PayPal and Open Banking.

“This transaction will allow us to accelerate our growth, helping more merchants accept payments quickly and easily, both in-store and online. Our technology and vertical integration give us an unparalleled advantage in servicing our partners and customers, but also provide a great foundation for bolt-on acquisitions,” Founders Arif Babayev and Nurlan Zhagiparov said in a statement.

DNA currently serves 45,000 merchants and has doubled both its estate size and turnover in the past 18 months. The payment processor’s customers include online retailers, offline retailers and SMEs across 70,000 terminals, totaling 20 million transactions worth over £600 million per month.

DNA was founded by Babayev and Zhagiparov in 2018, and is one of a handful of independent, fully vertically integrated payments companies in the UK and EU. DNA Payments Group owns Optomany, the UK’s largest independent omnichannel gateway, it claims, for large corporations and medium sized businesses.

The company has acquired a number of businesses since its founding, including CR7 Servides in 2019, Zash in 2020 and Active Payments in early 2021. DNA stated that it bought Active Payments to supplement its customer base which was largely aggregated through 123 Send, one of the UK’s oldest independent sales organizations.

In other recent fintech news, Clair, an earned wage access startup, raised $15 million in a Series A funding round according to a press release Thursday.

Latest Articles

2022 HousingWire TECH100 Real Estate Honorees HW+
Mar 11, 2022 By

This year’s list of TECH100 Real Estate honorees represent a huge shift in the direction that the real estate industry is heading in. Though real estate may have fallen behind in technological advances compared to other industries in the past, all of that is changing, and this year’s list of Tech100 winners embody that shift. […]

Content from our partners

Log In

Forgot Password?

Don't have an account? Please

Register

Forgot Password

Please enter your registered email address below to receive a password reset link.

Check Your Email

A password reset email has been sent to the email address on file for your account, but may take several minutes to show up in your inbox. Please wait at least 10 minutes before attempting another reset.

Welcome to FinAssist

Go to your inbox and open 'Welcome to FinAssist, your company discovery platform' to get started. You may also skip your inbox and 'Start tutorial'.