Global Processing Services Raises $100M for Embedded Finance Platform

On January 13, 2022, Global Processing Services (GPS) announced it had raised $100 million in new funding to grow its embedded finance and API payments platform. GPS provides core banking and payments technology that third-party companies access through APIs to create their own customer-facing financial services businesses. The funding will be used to expand GPS's platform capabilities and geographic reach.

The investment reflects the broader momentum in embedded finance, where non-bank companies increasingly seek to offer financial products through seamless technology integrations. GPS serves as a critical infrastructure layer enabling fintechs, retailers, and other platforms to embed payments and banking features into their products. The round highlights investor confidence in the BaaS infrastructure segment as a key enabler of the embedded finance trend.

Specific investors and valuation details were reported by TechCrunch at the time of announcement.