World Funds, the worldwide fee know-how supplier, is ready to amass funds agency Worldpay from GTCR and FIS, whereas concurrently promoting its issuer options enterprise to FIS.
In a launch, World Funds revealed that it’s buying Worldpay for $24.25billion, signifying a brand new chapter for the funds agency that was acquired by FIS in 2019, earlier than promoting a majority stake in Worldpay to GTCR in February 2024.
Worldpay, which offers fee providers to retailers and monetary establishments globally, generates 40 billion transactions throughout 146 international locations and 135 currencies. By combining its capabilities with World Funds, the companies hope to attain intensive world attain and scale, serving greater than six million prospects and enabling roughly 94 billion transactions and $3.7trillion in quantity throughout greater than 175 international locations.
By promoting its issuer options enterprise, World Funds will seemingly shift its focus to a options supplier targeted extra on retailers.
“The acquisition of Worldpay and divestiture of Issuer Options additional sharpen our strategic focus and simplify World Funds as a pure play service provider options enterprise with considerably expanded capabilities, intensive scale, higher market entry and an enhanced monetary profile,” defined Cameron Bready, CEO of World Funds.
“World Funds and Worldpay convey collectively extremely complementary capabilities and distribution networks, creating important alternatives for the mixed enterprise to speed up progress, amplify funding in innovation and elevate consumer and companion experiences with best-in-class options. This transaction offers us with one of many world’s most feature-rich platforms to help ecommerce and enterprise prospects throughout key high-growth geographies and verticals, whereas additionally enhancing our built-in and embedded capabilities to ship seamless options to software program and platform suppliers worldwide.”
Service provider targeted
Bready concluded: “We couldn’t be extra excited concerning the future, as we convey collectively World Funds and Worldpay and set up a strategic partnership with FIS. These transactions improve our strengths, open new progress alternatives and speed up our transformation, which we anticipate will drive important worth for our prospects, companions, workforce members and shareholders.”
The mix will intention to convey World Funds’ differentiated service provider options targeted on SMB prospects along with Worldpay’s e-commerce capabilities, positioning the mixed enterprise to ship end-to-end fee options and main buyer experiences for retailers of every type and sizes globally.
“We’re excited to enter this subsequent section of Worldpay’s evolution by uniting with World Funds to create one thing particular within the funds trade,” added Charles Drucker, CEO at Worldpay. “Our options will improve worth for our prospects, particularly for Worldpay’s small and medium-sized companies. The mix of World Funds and Worldpay brings collectively two robust groups with comparable histories, a shared tradition of innovation and deep funds experience. I’m thrilled concerning the new alternatives this transaction brings for each of our companies and our workforce members worldwide.”
The transactions are topic to receipt of required regulatory approvals and different customary closing circumstances and are anticipated to shut within the first half of 2026.
As a part of the transaction, World Funds and FIS can even set up a business relationship to convey a complete suite of options, together with core banking, treasury administration, embedded commerce, issuer processing, threat and fraud and service provider options to companions on a worldwide foundation.
