Financial Partners support Bluefin’s growth with $6 million investment

Financial Partners support Bluefin’s growth with $6 million investment
30.03.2016 09:00 am

Financial Partners support Bluefin’s growth with $6 million investment

Payments

Financial Partners, the private equity group of Napier Park Global Capital (US) LP (“Napier Park”), and Camden Partners have led a $6 million growth equity financing for Bluefin Payment Systems. Co-investors included Jeff Liesendahl, the former CEO of Accertify, and members of the management team.

Napier Park is an alternative asset manager with approximately $6.2 billion in capital under management as of January 1st, 2016. Napier Park’s Financial Partners Fund I, L.P. provides growth equity capital to financial services and related businesses.

“We are very pleased to support Bluefin’s growth,” said Manu S. Rana, Managing Director and a Co-Head of Financial Partners at Napier Park. “Data breaches impacting payment transactions show no signs of slowing down, particularly among retail, healthcare, and education enterprises, and Bluefin’s security solutions are the future of safeguarding cardholder data.”

Camden Partners is a growth private equity firm with domain expertise across three verticals: education, healthcare and technology enabled services. Camden’s focus on financial technology enabled services business is led by Managing Member, Shane H. Kim.

“We have known Jeff Liesendahl for many years and are excited to have him co-invest with us at Bluefin,” said Shane Kim. “Jeff is one of the great minds in cybersecurity, having provided fraud prevention services to large merchants as the CEO of Accertify.”

Bluefin specializes in PCI-validated Point-to-Point Encryption (“P2PE”) for integrated and stand-alone solutions serving retail, mobile, call center and kiosk/unattended environments in the retail, healthcare and education industries. Bluefin became the first PCI-validated P2PE provider in March 2014. Bluefin’s solutions encrypt cardholder data within a PCI P2PE approved device, preventing clear-text cardholder data from being available in an organization’s system and network where it could be accessible in the event of a data breach.

“Bluefin’s growth continues to accelerate due to our extensive product and technology investments,” said John M. Perry, CEO of Bluefin. “We have several partners that have integrated P2PE on their platform through our Decryptx product, and we are providing PCI-validated P2PE to large companies and universities through our gateway while continuing to grow our list of compatible P2PE devices. There is a tremendous market need for PCI-validated P2PE across every size of business and every vertical.”

 

Related News

Contactless card PIN limits to increase temporarily to help reduce the risk of COVID-19 transmission

Australian Payments Network (AusPayNet), the self-regulatory body for the payments industry, confirmed today that the payment industry will be increasing the PIN limit for... Read more »

Mastercard enables higher contactless payments across Canada

 Mastercard announced it is enabling the increase of contactless payment limits across Canada, as people look... Read more »

Pannovate partners up with Salt Edge to deliver instant PSD2 compliance

Pannovate, UK’s leading payment and digital banking technology company, has partnered up with Salt Edge, leader in offering open banking and secure customer... Read more »

Xpring Now Supports Interledger STREAM

In December, we announced the launch of xpring.io, a developer site that includes a wallet, tools, services, and documentation... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel