The combined entity will operate under the umbrella of Syncapay – a holding company for payment technology and solutions. The holding will receive a new majority equity investment from funds advised by Centerbridge Partners, a private investment management firm with experience in supporting growth opportunities in the financial services sector.
Wirecard North America is also rebranding to North Lane Technologies. The combination of daVinci and North Lane creates a company with a direction towards digital payments, through fintech services and payment solutions across incentives, rewards, disbursements, compensation, and global payouts.
Subject to regulatory approval and other customary closing conditions, the transaction is anticipated to close in Q4 of 2020. Syncapay will remain the holding company, with daVinci and North Lane reporting to Syncapay.
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