Ingenico agrees €150 million capital injection
A PIMCO-led investor group backs a reset of the payment company’s capital structure.
The agreement gives recently appointed chief executive Floris de Kort a financial base for a strategy centred on cloud-connected payment acceptance. Ingenico is combining its installed terminal business with a common platform for managing devices and services.
That shift also changes how partners build on its hardware. The company’s Developer Journey provides interfaces, tools and certification support for independent software vendors, allowing payment devices to carry additional merchant services.
Use of funds
Develop payment products and cloud platforms
Expand customer service capabilities
Extend customer-facing presence in key markets