TSG’s 20th Anniversary, King Global Secures US$2M Financing, Qred-Liberis Merge
GTLL•GTLL’s analytics portfolio firm TSG marks its 20th anniversary supporting over 1,000 clients globally, highlighting sustained growth in payments acceptance. GTLL-backed King Global raised US$2.0 million through 4 million units at US$0.50 with US$0.75 warrants, while Qred and Liberis will merge to create a leading global SMB financing platform.
1. TSG Celebrates 20th Anniversary
TSG, a globally recognized payments analytics and solutions firm in GTLL’s portfolio, has reached its 20th year of operations, having grown to serve more than 1,000 clients ranging from fintech startups and SaaS platforms to Fortune 500 companies, reinforcing its leadership in payments acceptance.
2. King Global Secures US$2.0 Million Financing
King Global Ventures, another GTLL holding, completed a non-brokered private placement raising US$2.0 million by issuing 4 million units at US$0.50 each; each unit includes one common share and a warrant exercisable at US$0.75 over two years, subject to a four-month hold period.
3. Qred and Liberis to Merge into SMB Financing Platform
Nordic Capital’s acquisition of Liberis alongside further investment in Qred—both within GTLL’s investment scope—will combine operations under a unified platform, targeting over 99% of European SMBs and aiming to capture nearly half of private-sector employment financing needs.
