San Francisco and Fort Worth, Texas – October 9, 2018 – TPG,  a global alternative asset firm, today announced it has made an investment in  FreedomPay, a global leader in commerce technologies. Terms of the transaction  were not disclosed.

“FreedomPay provides sophisticated technology that enables  the most complex organizations to efficiently manage their payments  infrastructure,” said Arun Agarwal of TPG. “The company’s technology-first  culture, experienced management team, and innovative platform sets them apart  in today’s rapidly growing digital payments space,” said Eric Noeth of TPG.

Founded in 2000, FreedomPay provides cloud-based payments  solutions for the entire commerce ecosystem. The omni-channel payments and  incentives platform provides fully-integrated, processor agnostic technology  that helps large and leading enterprises manage their payments infrastructure,  security, analytics, and marketing offers. FreedomPay works with global leaders  across retail, hospitality, gaming, education, healthcare, and financial  services.

“TPG has deep experience partnering with leading technology  companies to strategically enhance and grow their businesses,” said Tom  Durovsik, Founder and CEO of FreedomPay. “Their partnership is a testament to  our strong growth and differentiated platform. We look forward to working  together to continue to provide smart, seamless, and insightful payments  solutions for enterprises across the globe.” 

Some of TPG’s current and past investments in the technology  sector include Airbnb, C3 IoT, Tanium, Uber, and Zscaler.

RBC Capital Markets  acted as financial advisor to TPG in this transaction.

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About FreedomPay
The FreedomPay Commerce Platform is the best way for  merchants to simplify complex payment environments. Validated by the PCI  Security Standards Council for Point-to-Point Encryption (P2PE) along with EMV,  NFC and DCC capabilities, global leaders in retail, hospitality, gaming,  education, healthcare and financial services trust FreedomPay to deliver  unmatched security and advanced value added services on a global scale. With  broad integrations across top point-of-sale, device manufacturers and payment  processors, supported by rapid API adoption, FreedomPay is driving the future  of commerce and customer interaction around the world. For more information, go  to corporate.freedompay.com

About TPG
TPG is a leading global alternative asset firm founded in  1992 with more than $94 billion of assets under management and offices in  Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London,  Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul, and  Singapore. TPG’s investment platforms are across a wide range of asset classes,  including private equity, growth venture, real estate, credit, and public  equity. TPG aims to build dynamic products and options for its investors while  also instituting discipline and operational excellence across the investment strategy  and performance of its portfolio. For more information, visit www.tpg.com

Media Contacts

FreedomPay
Emily Kanter, Maven Communications
215-434-7195
ekanter@mavenagency.com

TPG
Luke Barrett
415-743-1550
media@tpg.com