MIAMI, Aug. 11, 2021 /PRNewswire/ -- Black Dragon
Capital℠ ("BDC", "Black Dragon℠"), a high-performing private
equity firm founded and led by a diverse manager and team who have
a track record of outstanding operating and investment success in
growth sectors disrupted by digitization, announced today the sale
of Payveris to Paymentus (NYSE: PAY), a leading provider of
cloud-based bill payment technology and solutions for more than
1,300 billers across North
America.
Payveris was founded in 2011 by Louis
Hernandez Jr., Founder and CEO of Black Dragon Capital℠.
Hernandez is an award-winning entrepreneur who brought in other
sophisticated investors and a proven management team. Payveris has
grown into a market-leading company that enables financial
institutions to simplify and innovate their digital payments
delivery systems while significantly reducing operating costs. Its
cloud-based software platform allows customers of banks and credit
unions to move their money using smartphones, personal computers,
and other handheld technology almost instantly. More than 300
financial institutions and fintech companies use the platform.
"We are all grateful to the Payveris management team, clients,
investors, board members, and partners who worked with our team at
Black Dragon℠ to help develop Payveris into a market leader. I
remember founding Payveris at my house in Glastonbury, CT, dreaming of creating a market
leader to reshape the FinTech industry. Black Dragon Capital℠
prides itself on unlocking the potential of its portfolio
companies. The growth that we have seen
from Payveris over the past few years has been nothing
short of remarkable. The company has steadily expanded, making its
leading-edge software solutions accessible to an ever-growing
client base of US banks and credit unions. Paymentus's
acquisition of Payveris is a huge milestone that will
no doubt only lead to greater things for the company," said
Louis Hernandez Jr., Founder, and
CEO of Black Dragon Capital℠.
The creation of Payveris illustrates the kind of insight that
Black Dragon℠ brings to bear on behalf of all its portfolio
companies. Black Dragon℠ is thesis driven. Every decision, every
investment, and every strategic model is based on an informed
analysis of trends within each industry sector and of the ways in
which digitization is collapsing workflows, destroying barriers
within industries, and creating value. In addition, the firm is
operationally led by professionals with significant industry
experience, and work alongside company leaders to meet day-to-day
challenges and seize opportunities.
Contact info:
Gina Rogoto
Black Dragon Capital℠, LLC
grogoto@blackdragoncap.com
+1 (305) 539-9415
About Black Dragon Capital℠
Black Dragon Capital℠
("BDC") is a high-performing private equity firm founded and led by
a diverse manager and team who have a track-record of outstanding
operating and investment success. They make control investments in
mid-market technology companies in growth sectors disrupted by
digitization. They work closely with entrepreneurs to build market
leading companies using their proprietary Black Dragon Toolkit℠.
They have an enterprise value of current assets
under management of approximately $800M
USD.
Learn more at www.blackdragoncap.com.
About Payveris
Payveris is the creator of the
MoveMoneySM platform, an open API, cloud-based
platform that enables financial institutions to control, simplify
and extend engaging digital money movement capabilities to their
users through any application or device while significantly
reducing operating costs and future-proofing their IT
investment.
Visit payveris.com to learn more.
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SOURCE Black Dragon Capital