BoostBoost logo Payment Solutions is a global provider of B2B payment technologies that optimize the use and acceptance of commercial cards. Proudly celebrating ten years since its founding in January 2009, Boost has reinvented how commercial card payments are initiated, accepted and processed for thousands of companies around the world. As the only FinTech acquirer exclusively focused on the B2B marketplace, Boost is making commercial cards a cost effective, scalable and secure alternative to traditional and cumbersome payment methods. Boost features a global footprint and is headquartered in New York, NY.
“We are excited about our new partnership with North Atlantic Capital,” said Boost CEO Dean Leavitt. “This additional funding will be used to raise the company’s profile across multiple verticals and help Boost transform how businesses pay each other around the globe.”
North Atlantic Managing Director David Coit, who led the investment, said, “Boost’s innovative technology has the potential to transform the commercial payments landscape. North Atlantic is excited to join forces with Boost’s visionary management team and its investor and advisors, to help with the next phase of the company’s growth.” North Atlantic joins existing investor Mosaik Partners.
North Atlantic Capital provides growth capital to innovative technology companies across the United States. Founded in 1986 and based in Portland, Maine, the firm is currently investing its fifth fund, which is capitalized at more than $120 million. North Atlantic targets high-growth, later-stage technology businesses with annual revenues of more than $10 million, with both equity and long-term subordinated investments.
If you would like to learn more about this transaction or North Atlantic’s investment strategy, visit our website or give us a call. We would enjoy hearing from you.