Investment Summary

PSG Invests In Versatile Credit

On September 13, 2023, growth capital firm PSG invested in financial services company Versatile Credit

Investment Highlights
  • This is PSG’s 2nd transaction in the Financial Services sector.
  • This is PSG’s 69th transaction in the United States.
  • This is PSG’s 1st transaction in Pennsylvania.

Investment Summary
Date 2023-09-13
Target Versatile Credit
Sector Financial Services
Investor(s) PSG
Deal Type Growth Capital
Advisor(s) Vista Point Advisors (Financial)

Target

Versatile Credit

Mechanicsburg, Pennsylvania, United States
Versatile Credit offers a technology platform that enables retailers to build a financing program with leading lending providers, innovative financing solutions and engaging customer experiences potentially leading to more finance applications, approvals and sales. Versatile Credit is based in Mechanicsburg, Pennsylvania.

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Investor(S) 1

Investor

PSG

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 100 of 108
Sector (Financial Services) 2 of 2
Type (Growth Capital) 56 of 63
State (Pennsylvania) 1 of 1
Country (United States) 69 of 74
Year (2023) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 Loopback

Dallas, Texas, United States

Loopback is a provider of data analytics and insights that simplify understanding, access and innovation for patients requiring specialty care. Loopback was founded in 2009 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 AirWorks

Boston, Massachusetts, United States

AirWorks is an AI-powered mapping solution providing geospatial data processing and analytics. AirWorks is based in Boston, Massachusetts.

Buy -
Mergr

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