Allied Payment Network, a Fort Wayne, IN-based provider of digital money movement solutions for banks and credit unions, received an investment from RF Investment Partners.
The amount of the deal was not disclosed.
The company intends to use the investment to continue its focus on developing its infrastructure, positioning it for increased growth with financial institutions in the $5B to $50B asset class.
Led by CEO Geoff Knapp, Allied Payment Network is a provider of digital money movement solutions for banks and credit unions of all sizes, which allows consumers to manage bills for companies from one location, all from their bank or credit union’s digital application, with a suite of online and mobile payment solutions, including online bill pay, P2P, PicturePay®, BizPay, PortalPay, A2A, Vault, and online loan payments.
Commenting on the news, Geoff Knapp said: “It’s an exciting time at Allied. We’ve experienced exceptional growth this past year due in no small part to RF’s initial 2022 investment, and we’re inspired by the deepening confidence that this additional funding demonstrates.”