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EVO Payments

“Can a multi-geography direct acquirer specializing in B2B ERP-integrated payments and SMB acquiring scale globally before being absorbed into a payments conglomerate?”

Founded2012
HQAtlanta, Georgia, USA
Latest roundIPO (NASDAQ: EVOP, 2018)
Valuation$4 billion enterprise value (acquisition, 2022)
IndustryInfrastructure / Payments
The story

EVO Payments was founded as a global merchant acquirer focused on cashless payment acceptance across 50+ markets. It differentiated through four specialized channels (Integrated POS, B2B, eCommerce, Direct) and built out a B2B-specific payments stack via the Nodus Technologies / PayFabric acquisition, targeting ERP/accounting integrations for A/R automation. The company went public in 2018 and was subsequently acquired by Global Payments in 2022–2023 for $4 billion, expanding Global Payments' geographic footprint in Poland, Germany, Chile, Greece, and other markets. EVO's embedded finance story centers on being a direct acquirer-processor rather than a BaaS platform, with lending (Merchant Cash Advance) and ERP-payment integration as its primary value-added services beyond core acquiring.

Last 12 months
2022-08
2023-01
Product timeline
2012
EVO Payments International founded as a full-service merchant acquirer and payment processor.· pivot
2018
EVO Payments, Inc. filed S-1 and went public on NASDAQ under ticker EVOP.· ipo
2018
Expanded B2B payments channel with PayFabric gateway (via Nodus Technologies acquisition) for ERP integrations.· banking
2022
Global Payments announced acquisition of EVO Payments for $4 billion in enterprise value ($34/share, all-cash).· acquisition
2023
Acquisition by Global Payments closed, EVO delisted and integrated into Global Payments portfolio.· acquisition
Regulated entities
1
regulatory licence held by EVO Payments
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in EVO Payments’s embedded-finance stack
Payments / PSP
EVO Payments (self-operated)PayFabric (self-operated via Nodus Technologies subsidiary)
Money movement
in the full report
Lending
in the full report
Accounting
in the full report
Accounting gap: none
11 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.