Payments & Fintech Acquisitions in South Dakota
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- Buyer
- Castle Creek Capital, Launchpad Capital
- Target
- Central Payments
- Industry
- Payments & Fintech
- Location
- South Dakota, United States
- Type
- Growth capital
Central Payments completed a $30 million growth equity raise led by Castle Creek Capital with additional investment from Launchpad Capital, enabling the fintech to spin out from Central Bank of Kansas City. Proceeds will fund technology, product, and staffing investments as the company scales its Open*CP API marketplace and prepaid card issuance business; the bank will remain an investor and strategic partner.
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