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Fintech

Visa takes strategic stake in card tech firm behind Revolut and Starling Bank

London-based GPS intends to use the funds to expand into new geographical regions

Payments firm Visa has made a strategic investment in Global Processing Services (GPS), the card processing firm that powers debit cards for digital banks Revolut and Starling Bank.

Visa’s venture capital arm will join private equity firm Dunedin as a backer to the company, GPS said on 19 October, after Dunedin injected £44m into the fintech company in 2018.

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