DNA Payments Group has raised 拢100 million in a private equity deal with听Alchemy Partners.听
With headquarters in London and an operations hub in Kent, DNA currently serves over 45,000 merchants ranging from major online and offline retailers to SMEs, providing them with over 70,000 terminals which make over 20m transactions worth over 拢600m a month.听听
DNA is one of just a few players in the UK and Europe with fully cloud based omni-channel payment processing capabilities,听and also听provides a variety of SaaS and PaaS solutions to major global acquirers and payment schemes.听
The investment by Alchemy sees DNA well positioned to benefit from the strong market opportunity, with the UK beginning to see signs of a recovery from the COVID-19 pandemic.听
鈥淎lchemy鈥檚 investment marks a historic day for DNA and is a huge endorsement of our company and our technology,鈥� said听founders听Arif Babayev and Nurlan听Zhagiparov.听
鈥淲e have been looking for the right partner with the right ethos, vision and experience and we are lucky to have found this partnership with Alchemy.鈥�听
In the past few months,听DNA has expanded听its听eCommerce听solutions and payment methods, providing merchants with Pay by Link, Checkout v3,听ApplePay, Pay by Bank, PayPal, Open Banking and many other new capabilities.听
鈥淭his investment will allow us to enhance our product offering and continue with our strategy of selective acquisitions to grow our presence not only in the UK but also internationally,鈥� the founders added.听听
鈥淲e鈥檝e more than doubled our estate size and turnover in the past 18 months and the future is incredibly exciting for us.鈥�听
Toby Westcott, Partner at Alchemy Partners, commented:听鈥淲e are delighted to be partnering with DNA. Alchemy is always looking for opportunities to partner with talented business founders and uncover attractive investments that others may not be able to access.听
鈥淲e are focused on helping companies grow and听develop, and听having worked closely with both Arif and Nurlan during this extraordinary period caused by the COVID-19 pandemic, it was clear that DNA and Alchemy鈥檚 goals, missions and values were closely aligned.听听
鈥淢erchants鈥� increasing need for omni-channel payments solutions combined with the strength of DNA鈥檚 product proposition creates a compelling investment opportunity and we are excited to join DNA on its journey to build a leading payments business in the UK and expand into Europe.鈥�听