Nineteen Group, has entered into a partnership with The Payments Association (TPA), the UK’s membership organisation and events platform for the payments industry. The partnership is backed by Phoenix Equity Partners.
The partnership is intended to support TPA’s growth by providing additional investment, operational support and access to new markets, according to Nineteen Group. TPA will continue to operate under its existing leadership and retain its brand identity. Its activities will remain focused on member engagement, events and professional development within the payments sector.
TPA will remain an independent brand within the Nineteen and Phoenix portfolio, with its management team continuing to lead day-to-day operations. The investment will fund expanded member services, digital platform development and broader geographic outreach.
Collingwood acted as financial adviser to The Payments Association on the transaction.
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, said: “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.”
Tony Craddock, founder of The Payments Association, said: “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.
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