Swift Prepaid Solutions has announced it will be changing its name to daVinci Payments, per the company’s press release:
The company known for payments innovation around the world chose the new name to reflect its unique solutioning process and to avoid conflicts as it expands its services.
Swift Prepaid Solutions was purchased by Syncapay of Dallas, Texas, which Bain Capital Ventures, Silversmith Capital Partners, MissionOG, and Nyca Partners are backers. Industry veteran Juli Spottiswood is chairman and CEO. She co-founded Parago in the late 1990s, which focused on consumer promotions and incentives tech. It was acquired by Blackhawk Network for $291 million in 2014.
“Leonardo da Vinci achieved unprecedented achievements in art and science through the ‘da Vinci process,’ explained Rodney Mason, Chief Revenue Officer of daVinci Payments . “We follow his process, meshing creativity and analytics, to disrupt and energize the payment experience around the world.”
Moving forward as daVinci Payments, the company is accelerating its mission in leading the payments movement to greater value through high-impact brand connections at the intersection of all forms of payments. These include virtual, disbursements, push pay, direct deposit, digital choice and ready-to-fund payments offered in 10 currencies in over 160 countries.
The Syncapay vision is to build a powerhouse portfolio of disruptive payment solutions that can accelerate growth and success through its investments and support, particularly in the B2B and B2C market. The question then is who will be next…
Overview by Sue Brown, Director, Prepaid Advisory Service at Mercator Advisory Group