Investment Summary

Pin4 Invests In HalCash North America

On June 13, 2017, Pin4 invested in information technology company HalCash North America from Ashby Point Capital

Investment Highlights
  • This is Pin4’s 1st transaction in the Information Technology sector.
  • This is Pin4’s 1st transaction in the United States.
  • This is Pin4’s 1st transaction in New Jersey.

Investment Summary
Date 2017-06-13
Target HalCash North America
Sector Information Technology
Investor(s) Pin4
Sellers(s) Ashby Point Capital
Deal Type Stake Purchase

Target

HalCash North America

Chatham, New Jersey, United States
HalCash North America, Inc. is a global payment authorization, clearing and settlement platform that enables Money Service Businesses, financial institutions and other companies to send cash to recipients via mobile phone for instant withdraw at any participating ATM without the need of an ATM card or bank account. HalCash North America was founded in 2012 and is based in Chatham, New Jersey.

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Investor(S) 1

Investor

Pin4

Chatham, New Jersey, United States
Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Pin4 provides real-time cash delivery at enabled ATMs without the need for a debit/credit card or bank account. This capability enables next-generation P2P transfers, consumer promotions and rewards delivery, and other use cases. Pin4 was founded in 2015 and is based in Chatham, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Stake Purchase) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

Ashby Point Capital

Category Growth Capital Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Ashby Point Capital is a private equity firm that seeks investments in companies within the payment systems and financial services industries. Ashby Point will consider early and growth-stage companies and looks to commit $100K to $5 million per transaction. Ashby Point Capital was formed in 2007 and is based in Arnold, Maryland.

DEAL STATS #
Overall 1 of 3
Sector (Information Technology) 1 of 2
Type (Stake Purchase) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-26 InstaMed Communications

Philadelphia, Pennsylvania, United States

InstaMed Communications LLC is a healthcare payments network, connecting providers, payers and consumers on one platform. InstaMed Network connects over two-thirds of the market and processes tens of billions of dollars in healthcare payments annually. InstaMed reduces the risks, costs and complexities of working with multiple payment vendors by delivering one platform for all forms of payment in healthcare, designed and developed on one code base and supported by one onshore team of experts in healthcare payments. InstaMed Communications LLC was founded in 2004 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-17 InstaMed Communications

Philadelphia, Pennsylvania, United States

InstaMed Communications LLC is a healthcare payments network, connecting providers, payers and consumers on one platform. InstaMed Network connects over two-thirds of the market and processes tens of billions of dollars in healthcare payments annually. InstaMed reduces the risks, costs and complexities of working with multiple payment vendors by delivering one platform for all forms of payment in healthcare, designed and developed on one code base and supported by one onshore team of experts in healthcare payments. InstaMed Communications LLC was founded in 2004 and is based in Philadelphia, Pennsylvania.

Sell -
Mergr

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Company

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