Card Cutters, a card acceptance and payment solutions specialist headquartered in Worksop, has been acquired by London-based DNA Payments, an independent vertically integrated payments provider.
Card Cutters has been operating since 2009 and has an impressive merchant base in the UK and Ireland. It offers the latest payment technology and merchant services to small independent retailers (SMEs) and larger multi-outlet businesses.
The acquisition will also include Card Cutters’ Global Card Solutions, which provides merchants with a range of card machine technology and merchant support, and Card Cutters’ subsidiary in Ireland.
Arif Babayev, co-founder of DNA Payments, said: “We’re delighted to welcome Card Cutters to the DNA Payments Group; our second acquisition announcement in 2022. Following our £100 million fundraise from Alchemy Partners last year, we continue to expand our presence in the UK and now in Ireland. Card Cutters’ merchants will have access to our market-leading service propositions and product set, and we’re looking forward to a great future in 2022 and beyond.”
EY provided legal transactional support to DNA Payments on the acquisition and support on the financial and tax aspects of the transaction.
