DaVinci Payments and North Lane Technologies announced they have merged, creating a high-growth, technology driven payment company that will operate under the Syncapay umbrella, according to a press release. The merged company received an equity investment from Centerbridge Partners.
The daVinci and North Lane teams will work closely together to design and execute an integrated model that delivers quality solutions for customers, prospects and the market at large. DaVinci’s headquarters will remain in Buffalo Grove, Illinois and North Lane’s headquarters will remain in Conshohocken, Pennsylvania.
“The closing of the daVinci Payments and North Lane deal unites two fintech leaders to accelerate digital payment growth through an unparalleled payments platform. The combined company has a broader base of services and the scale to thrive in the expanding corporate funded payments segment with over $500 billion in revenue opportunity,” Juli Spottiswood, chairman and CEO, of Syncapay said in the release.