Allied Payment Network, which offers payment technology services to financial institutions, has secured an undisclosed amount of investment from RF Investment Partners.

The company will utilise the proceeds to accelerate product innovation and growth strategies.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Allied founder and CEO Ralph Marcuccilli said: “This new investment from RF underlines our commitment to remaining the market leader in providing first-to-market, modernised solutions that meet consumer and small business payments expectations.

“Together with RF, we can capitalise on additional opportunities that further our mission of harnessing the power of technology to support our financial institution clients’ success.”

Allied president Kelli Schultz stated: “Today’s banking industry demands financial institutions to provide a simplified, faster and more transparent bill management experience. Our solutions, with the RF partnership, position us to deliver.”

Based in Indiana, Allied offers money movement services to banks and credit unions. The company’s solution suite includes FlexPay, PicturePay, P2P, eBills and PortalPay. The company also offers solution to sell and hold bitcoin among others.

Commenting on the investment, RF managing partner Peter Fidler said: “Allied is helping financial institutions build strategic relationships with consumers through technology solutions that support financial wellness.

“We’re excited to partner with the Allied team to accelerate product innovation and expand brand awareness across the banking ecosystem.

“We could not be more enthusiastic about working with this management team. Their depth, experience and track record in the payments market is truly impressive.”