Phoenix Equity adds The Payments Association to portolfio
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The partnership is designed to support TPA's next chapter of growth - providing the resources, reach and investment to scale its offering, while preserving the ethos, leadership and community focus that have underpinned its success.
Ben Agnew, CEO of The Payments Association, said:
'This marks a pivotal moment for TPA. We've built incredible momentum as a trusted community for payments professionals, and this partnership with Nineteen Group, and therefore access to significant growth capital from backers, Phoenix, gives us the platform to do even more.
We will continue to run and grow the Association with the same values and leadership - now with added support to scale our events, insight and membership experience, across the UK and beyond.'
Peter Jones, CEO of Nineteen Group, commented:
'We're delighted to partner with The Payments Association. It's a unique organisation with a powerful community, and a brilliant team. We're here to get behind and support their continued growth, while protecting what makes them special. This partnership is about scale, not change - and we're excited for what's ahead.'
The Payments Association will remain an independent brand within the Nineteen and Phoenix portfolio, led by its existing management team. Its mission remains unchanged: to empower payments leaders to connect, learn and drive positive change in the industry.
This partnership and investment will support key initiatives including:
• Scaling the Community - Expanding TPA's reach across geographies and sectors, creating more opportunities for members to connect and collaborate.
• Enhancing Member Value - Investment in insight, content, experiences and new digital platforms.
• Technology and Innovation - Building new tools, products and services to better serve a dynamic and fast-moving payments landscape.
Tony Craddock, Founder of The Payments Association, added:
'This partnership supercharges what we've built over the years. With the backing of Nineteen and Phoenix, we're poised to create even more impact for the payments community - and do it with the same passion, purpose and people that our members trust.'
Collingwood acted as financial adviser to The Payments Association on the transaction.
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