Atlanta has cemented its position as a Fintech hub, as deal activity in the US state increased significantly last year. Consolidation among the leading payment processing firms throughout the world, including Atlanta, is helping the region in acquiring considerable Fintech-focused investments.
In July of last year, Fiserv finalized its acquisition of First Data for $22 billion, meanwhile, Fidelity National Information Services secured a $43 billion deal with Worldpay. Global Payments and TSYS carried out a $21.5 billion merger in September 2019.
Notably, all three of these deals were focused within the Georgia area, which helps to draw attention to the region as an active and rapidly growing Fintech hub.
These deals helped the acquiring organization in complementing its existing capabilities by expanding the range of solutions they’re able to offer to their clients.