Mid-market PE investor Waud Capital has backed fintech company Anovia Payments.
The deal will see Anovia join Sphere Payment Platform, which was recently launched by Waud.
It is unclear how the buyout firm funded the transaction, but it was reported last year that the firm had closed a $1.1bn vehicle.
It typically invests between $50m and $100m into companies across the healthcare, financial services sectors.
Anovia Payments is a company that offers an alternative payment system. Founded in 2013, it provides a reliable online payment system using technology. It serves a number of businesses across the US.
Waud Capital partner Matt Clary said, “This transaction exemplifies Waud Capital’s disciplined approach of partnering with experienced industry leaders to develop high growth platform companies.”
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