Ingenico has secured €150 million in new capital from a PIMCO-led group of global investors. The payment acceptance company said the agreement resets its capital structure, with the money directed towards product innovation and customer excellence.

Floris de Kort, the CEO of Ingenico, shared that the company is currently focusing on developing next-generation payment acceptance technology via cloud-based platforms. He said,

“With a strong balance sheet and new capital in place, we can execute better and invest in the areas that will define our next phase. We have the foundation, the priorities, and a team that knows how to deliver.”

The Ingenico funding will also support Ingenico’s Customer Excellence team, as well as its global footprint, which includes locations in London, Istanbul, and San Francisco.

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