SecureNet Payments Systems, a payment processing company, has raised an USD 18 million growth equity investment from private equity firm, Sterling Partners (view press release). SecureNet connects merchants, financial institutions and their customers by providing advanced payment technology which aims to deliver a fully integrated, one-stop payment solution that is easy-to-use, secure and affordable for merchants of all sizes. The company claims to process around USD12 billion in transaction volumes and claims to service approximately 14,000 merchants annually.
“[This investment] validates our strategic vision to be a leader in payment innovation and will be used to further expand our eCommerce and strategic product initiatives and bolster our PCI compliance and fraud monitoring tool sets. With a focus on top talent recruitment and technology development, this investment will drive us toward our goal of becoming the preferred all-in-one payment management solution,” said Brent Warrington, CEO of SecureNet.