FTV Capital invests $50m for stake in Financial Transaction Services.
FTV Capital, a US-based venture capital firm backed by some of the country’s largest financial services groups as limited partners and network members, has invested $50m in Financial Transaction Services, a local provider of electronic transaction processing services.
FTV Capital is the first institutional investor for FTS, which grew the number of financial transactions it processed by 40% last year.
Richard Garman, managing partner of FTV Capital, and Chris Winship, one of its partners, have joined FTS’s board.
FTV has…
