Investment Summary

Castle Creek Capital Invests In Central Payments

On August 11, 2022, asset manager Castle Creek Capital invested in information technology company Central Payments

Investment Highlights
  • This is Castle Creek Capital’s 1st transaction in the Information Technology sector.
  • This is Castle Creek Capital’s 23rd transaction in the United States.
  • This is Castle Creek Capital’s 1st transaction in South Dakota.

Investment Summary
Date 2022-08-11
Target Central Payments
Sector Information Technology
Investor(s) Castle Creek Capital
Deal Type Growth Capital

Target

Central Payments

Sioux Falls, South Dakota, United States
Central Payments provides payments technology and issuing solutions for fintech and embedded finance businesses. The company’s Open*CP API Marketplace is a banking-as-a-service payments platform built for fintech bankers with issuing capability embedded. Open*CP’s vertical integration and its native-to-the-cloud technology are the drivers responsible for Central Payments’ rise to the fastest-growing prepaid card issuer since 2015*. The company also operates Falls Fintech, its startup fintech accelerator, and produces Fintech Brews & News, a podcast devoted to helping bridge the gap between banking, startups, and the entire fintech industry. Central Payments was founded in 2014 and is based in Sioux Falls, South Dakota. ​

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Investor(S) 1

Investor

Castle Creek Capital

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 750M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Castle Creek Capital is a private investment firm that makes control investments in U.S.-based community banks with less than $10 billion of assets. The firm specializes in operating, recapitalizing and strategically refocusing US based banks. Castle Creek targets smaller, healthier banks that are under-performing or lack critical mass. Castle Creek offers the resources to then implement a roll-up acquisition program. Castle Creek Capital LLC was founded in 1992 and is based in Rancho Santa Fe, California.

DEAL STATS #
Overall 23 of 23
Sector (Information Technology) 1 of 1
Type (Growth Capital) 3 of 3
State (South Dakota) 1 of 1
Country (United States) 23 of 23
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Guaranty Federal Bank

Springfield, Missouri, United States

Guaranty Federal Bank is a bank holding company that provides financial services. Guaranty Federal Bank currently has 16 banking locations in Springfield, Joplin, Carthage, Ozark, Nixa, and Neosho, Missouri. Guaranty Federal Bank was founded in 1913 and is based in Springfield, Missouri.

Sell $152M
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