Coda Payments approaches funding at USD 2.5 bln valuation

Monday 11 April 2022 11:33 CET | News

Singapore-based payment service provider Coda Payments has neared a deal to raise private funds at USD 2.5 billion valuation.

The online payment processing company is poised to announce a fresh fundraising deal to fuel growth plans as early, according to Investors, including private equity firms Advent International and Primavera Capital, are considering participating in the round.

Coda has been working with Goldman Sachs on a strategic review of options including a potential sale of the business, an initial public offering, and a private round. The company was seeking a valuation of at least USD 4 billion in November 2021.Considerations are ongoing and details such as the value and prospective investors could still change, reports.

Founded in 2011, Coda provides online payment solutions to digital content providers in more than 30 markets. Its investors include London-based private equity company Apis Partners and Japan’s GMO Global Payment Fund. Its customers include Tencent Holdings, Krafton, Activision Blizzard, and Riot Games.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: funding, digital payments, payment processing, expansion, IPO
Categories: Banking & Fintech
Companies: Coda Payments
Countries: Singapore
This article is part of category

Banking & Fintech

Coda Payments

Discover all the Company news on Coda Payments and other articles related to Coda Payments in The Paypers News, Reports, and insights on the payments and fintech industry:

Industry Events