London FinTech DNA Payments raises £100m

London-based FinTech DNA Payments has received a £100 million investment from private equity firm Alchemy Partners.

DNA said it serves 45,000 merchants and provides them with over 70,000 terminals making over 20 million transactions worth over £600 million a month.

The FinTech said it will use the funding to accelerate its growth, enhance its product offering, and continue its strategy of selective acquisitions to grow its presence both in the UK and internationally.
DNA claims to have doubled its estate size and turnover in the past 18 months.

The FinTech was advised on the deal by Proskauer, Houlihan Lokey, and EY while Alchemy Partners was advised by Macfarlanes and PwC.

“Merchants’ increasing need for omni-channel payments solutions combined with the strength of DNA’s 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,” said Toby Westcott, partner at Alchemy Partners.

    Share Story:

Recent Stories


The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.