Passport Technology Receives Strategic Growth Investment From an Affiliate of Peak Rock Capital

Clara D. Flaherty

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Passport Technological know-how gets strategic growth investment from an affiliate of Peak Rock Cash

Passport Technology receives strategic growth investment from an affiliate of Peak Rock Capital

Passport Technological innovation gets strategic advancement financial commitment from an affiliate of Peak Rock Capital

LAS VEGAS, June 23, 2022 (Globe NEWSWIRE) — Passport Know-how (“Passport”), a primary developer of technology-based remedies and expert services for the extremely regulated payments, gaming, and economic products and services markets, right now announced that it has been given a strategic progress expense from an affiliate of Peak Rock Funds (“Peak Rock”), a primary center-market place personal financial investment agency. The investment decision gives Passport with considerable assets to develop its customer base, build new technological know-how-enabled products and solutions and companies, and pursue extra strategic partnerships.

Cleve Tzung, Chief Executive Officer of Passport, claimed, “Peak Rock’s expense will guidance our swift development, sharpen our concentrate on innovation and speed up our tested shopper acquisition approach. Because 2019, we have extra than doubled our put in foundation and expanded service offerings to new and current consumers. These days, Passport is set up in over 222 destinations throughout six countries, and we count on that Peak Rock’s more aid will enable us to arrive at new heights and assist us obtain our advancement ambitions.”

“Passport has a substantial pipeline of new prospects with the two new and present clients across the globe,” said Scott Dowty, founder and Executive Chairman of Passport. “With this new funds and collaboration with Peak Rock, we will carry our firm to its upcoming phase of progress and further create our posture as the major innovator and service provider of technological innovation-based income access, compliance and loyalty options to gaming partners, though expanding our platform in supplemental end markets.”

“Passport’s portfolio of tech-enabled items and answers are dependable by numerous of the primary gamers in payments and gaming, and have authorized the enterprise to know exceptional growth considering the fact that inception,” reported Nick Basso, Taking care of Director at Peak Rock Money. “This transaction exemplifies our ongoing focus on providing both money and strategic partnership to progressive, progress-oriented companies.”

About Passport Technological know-how, Inc.

Passport’s pursuit of excellence is pushed by variety, inclusion, and collaboration as we attempt to create possibilities for all stakeholders to thrive. Passport is a primary developer of technology-based mostly options and expert services for the very controlled payments, gaming, and money expert services markets. The company’s merchandise portfolio involves redemption kiosks, quasi-hard cash, verify guarantee, ATM, electronic payments, funds and cashless integrations, on line casino automation, regulatory compliance methods, lender-sponsored transaction processing, server and website-primarily based analytics, agnostic software administration techniques, and interactive material and loyalty companies. By way of its privileged gaming licenses and payment sponsorships, Passport has securely and responsibly settled about $45 billion in funds to on line casino floors throughout the world. For more data about Passport Technological innovation, make sure you check out www.passporttechnology.com.

About Peak Rock Cash

Peak Rock Cash is a primary middle-market place personal investment decision agency that tends to make equity and debt investments in organizations in North The us and Europe. Peak Rock’s equity financial investment platform focuses on chances in which it can guidance senior administration to generate immediate expansion and effectiveness improvement, with skills in corporate carve-outs and partnering with households and founders trying to find initial-time institutional money. Peak Rock’s credit rating system invests throughout money structures, with a broad mandate to supply flexible, customized money options to center-marketplace and development-oriented enterprises. Peak Rock’s genuine estate system makes fairness and credit card debt investments in tiny to mid-sized authentic estate belongings in desirable, developing geographies. For further information about Peak Rock Money, make sure you stop by www.peakrockcapital.com.

Press Speak to
Max Aceituno
SVP, Promoting
Passport Technology Inc.
[email protected]

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