# Dunedin Invests In £44 Million Funding Of GPS In UK’s 3rd Largest Fin-Tech Financing This Year Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-06-20 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Accelerate Growth of GPS: UK's Largest B2B Fintech Meta Description: Discover how Dunedin's investment in GPS, the tech powerhouse behind top financial institutions, is driving international expansion plans in the fintech URL: https://financedigest.com/dunedin-invests-in-44-million-funding-of-gps-in-uks-3rd-largest-fin-tech-financing-this-yearhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd200618-1-2-1736840314491-compressed.jpg) - **_Investment will accelerate the growth of GPS and drive its international expansion plans –_** - **_GPS is the tech powerhouse behind the most exciting digital banks, challenger banks, fin-techs and financial institutions –_** - **This is UK’s largest B2B fintech investment of the year 2018** Dunedin, the UK private equity house, today announced that it has invested in the £44 million funding of Global Processing Services (“GPS”), the global payments processor and [tech powerhouse behind](https://www.financedigest.com/whats-the-tech-behind-regtech.html "What’s the tech behind regtech?") the most exciting digital banks, challenger banks, fin-techs and financial institutions. GPS is the market leader in issuer processing, enabling [next generation](https://www.financedigest.com/white-bullets-integration-with-silverbullets-next-generation-context-outcomes-engine-4d-is-now-live.html "White Bullet’s integration with Silverbullet’s next generation Context Outcomes Engine, 4D, is now live") payment technology with 100+ clients including Starling Bank, Revolut, Pockit, Volt Bank, Loot, Stocard, Glint, Osper and Curve.The [deal is the UK’s 3rd largest fin-tech financing](https://www.financedigest.com/citi-halted-financing-for-trafiguras-nickel-deals-in-october-bloomberg.html "Citi halted financing for Trafigura’s nickel deals in October – Bloomberg") in 2018 and Dunedin will take a significant stake in the business. > GPS was co-founded by entrepreneursTony Kerr & Craig Dewar and is led by a strong team comprising Joanne Dewar and Suresh Vaghjiani. The [Company has circa 150 employees based in London](https://www.financedigest.com/london-set-for-hosepipe-ban-from-aug-24-water-company.html "London set for hosepipe ban from Aug. 24 – water company") and Newcastle.  GPS provides a single, global integrated platform, GPS Apex, that powers and enables functionality of [next generation](https://www.financedigest.com/the-advancement-based-offing-to-upscale-the-next-generation-antibody-therapeutics-market.html "The Advancement-Based Offing To Upscale The Next Generation Antibody Therapeutics Market") Fin-tech payment companies. Dunedin has a proven track record of growing profitable UK companies and helping them to internationalise. It sees significant potential for GPS to expand into new [international markets](https://www.financedigest.com/unicredit-focused-on-internal-delivery-open-to-ma-in-all-its-markets.html "UniCredit focused on “internal delivery”, open to M&A in all its markets") as well as develop its product portfolio. **Oliver Bevan, Partner at Dunedin**, who will sit on the Board alongside Dougal Bennett, Partner, commented: “GPS is positively disrupting a multi-billion-pound industry and is well placed to continue [leading the way following the rise of other highly successful fin-tech companies](https://www.financedigest.com/automated-liquid-handling-systems-market-global-leading-companies-analysis-revenue-trends-and-forecasts-2027.html "Automated Liquid Handling Systems Market Global Leading Companies Analysis, Revenue, Trends and Forecasts 2027").  We are really excited to be investing in GPS which represents a significant opportunity for Dunedin to utilise its experience in taking UK [companies with a technological](https://www.financedigest.com/impact-com-appoints-a-raft-of-new-business-development-representatives-as-the-technology-companys-client-roster-grows-by-more-than-50.html "impact.com appoints a raft of new Business Development Representatives as the technology company’s client roster grows by more than 50%") edge and enabling them to shine on the international stage.  We will support the management team and founders to help GPS to become a truly [global leader](https://www.financedigest.com/cavai-global-leader-in-conversational-advertising-announces-innovative-launch-of-conversational-video-to-maximise-engagement-and-impact.html "Cavai, global leader in conversational Advertising, announces innovative launch of conversational video to maximise engagement and impact") in this niche market.” **Suresh Vaghjiani,** [Managing Director at GPS commented: “GPS has experienced exceptional growth](https://www.financedigest.com/tmwi-appoints-matt-franceschi-as-deputy-managing-director-to-help-spearhead-the-integrated-media-agencys-ongoing-growth.html "tmwi appoints Matt Franceschi as Deputy Managing Director to help spearhead the integrated media agency’s ongoing growth") over the last few years and we have always prided ourselves on the diverse fin-tech customer base that we service.  This [partnership with Dunedin will see GPS accelerate even further as innovative fin-tech companies increasingly require global](https://www.financedigest.com/cavai-and-mediamath-announce-global-partnership-to-deliver-conversational-advertising-programmatically.html "Cavai and MediaMath announce global partnership to deliver conversational advertising programmatically") issuing platforms as well as traditional financial institutions looking to compete with new entrants.” **Tony Kerr, co-founder of GPS commented:** “The partnership with Dunedin is another important milestone for GPS and we look forward to working with them to take the [next step](https://www.financedigest.com/open-finance-the-next-step-for-global-digital-transformation.html "Open finance – the next step for global digital transformation") on our exciting growth path. The investment will give us extra firepower to facilitate [continued growth](https://www.financedigest.com/impact-com-announces-continued-growth-in-first-quarter-of-2022.html "impact.com Announces Continued Growth in First Quarter of 2022"), strengthen our offering and expand our global footprint.” The investment in GPS coincides with a high level of transactional activity for Dunedin and is the third financial [services deal](https://www.financedigest.com/uk-says-baker-hughes-altus-deal-may-hurt-competition-in-oil-well-services.html "UK says Baker Hughes-Altus deal may hurt competition in oil well services") that it has completed in two years, following its investments in Kingsbridge and Alpha.  Dunedin has also recently completed three successful exits – Blackrock, Alpha and Kee Safety – [generating a total return](https://www.financedigest.com/arora-project-have-experienced-out-of-this-world-returns-with-their-lead-generation.html "Arora Project have experienced out-of-this-world returns with their lead generation") of £231 million for its investors within a three-month period.  Dunedin is currently [investing its £300 million](https://www.financedigest.com/uk-budget-fashion-chain-primark-to-invest-140-million-stg-in-stores.html "UK budget fashion chain Primark to invest 140 million stg in stores") Fund III. Jessica Hardy, [Investment Manager](https://www.financedigest.com/unstoppable-esg-momentum-puts-investment-manager-reporting-in-the-spotlight.html "Unstoppable ESG momentum puts investment manager reporting in the spotlight"), and Andrew Davidson, Assistant Director at Dunedin supported Oliver Bevan and Dougal Bennett on the deal. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---