About Fiserv
Fiserv is a Financial Services company based in Atlanta (United States) founded in 1971, and was acquired by Fiserv in January 2019. Payment processing and electronic commerce services are offered worldwide. It operates on a SaaS (Software-as-a-Service) and Managed Services model. The company has 1,710 employees. Fiserv has completed 23 acquisitions, including Acculynk, Achex and CardConnect. Its website firstdata.com draws about 9.6 million monthly visits. Its Indian entity First Data Development Private Limited reported revenue of ₹505 Cr. Fiserv offers products and services including Carat and Clover. Its focus areas include Payment Processing and Merchant Services.
Company details
Fiserv is engaged in delivering payment processing and enterprise commerce solutions. Services are offered to large enterprises, mid-sized businesses, and small merchants across various sectors. Omnichannel payment platforms like Carat are developed for global businesses, while Clover POS systems are tailored for small merchants. Partnerships with ISVs are supported to integrate payment acceptance into software. Innovations in contactless and voice commerce are also pursued to enhance customer experiences.
- Headquarters Atlanta, United States
- Employees 1,710
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Financial Planning and Management
- Email••••••••
- Phone•••• ••••
- Website firstdata.com
- Social LinkedIn X Facebook
- Acquired by Fiserv (Jan 2019)
- Legal Name Fiserv, Inc.
- Date of Incorporation 02 Jul, 2013
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity revenue₹505 Cr
FY 2022 · -1% YoY
- Indian entity net profit₹52.53 Cr
FY 2022 · 10% margin
- Indian entity EBITDA₹100 Cr
FY 2022 · 20% margin
- Latest Funding Round$6B (USD), Debt – Conventional
Oct 2018
- InvestorsKKR
& 2 more
- Employee Count1,710
- Investments & AcquisitionsAcculynk
& 22 more
- Acquired by
Associated legal entities of Fiserv
Fiserv operates through First Data Development Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| First Data Development Private Limited CIN U72900MH2013PTC319336 | Amalgamated | 02 Jul 2013 | Mumbai, Maharashtra | ₹505 Cr | 1,710 | 2 | View details |
Products & Services of Fiserv
Fiserv offers a comprehensive portfolio of products and services, including Carat and Clover.
Global commerce platform for large businesses is provided.
All-in-one POS solution for small businesses is offered.
Apps and channels of Fiserv
Fiserv publishes 1 mobile app with over 100K+ downloads.
Funding Insights of Fiserv
- Total Rounds 2
- Last Round Debt – Conventional — $6B
- Investors Count 1
All 2 funding rounds of Fiserv with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2018 | $6B | Debt – Conventional | – | – | – |
| Jun 2014 | Private Equity Round | – | – |
3 investors in total: 3 institutional.
Investors in Fiserv
Fiserv has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include KKR, Fiserv and Stone Point Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm investing in global financial services sectors. | stonepoint.com | |||
Multiple sectors are invested in by this private equity firm. | 1976 | kkr.com | New York, United States | |
Diversified financial solutions for business processing and management are provided. | 1984 | fiserv.com | United States |
Investor details for Fiserv
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Board of directors of First Data Development Private Limited (Fiserv)
First Data Development Private Limited is the primary company behind Fiserv. The board of First Data Development Private Limited currently have 2 directors; the longest-serving is Srini Krish, appointed in 2016. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Srini Krish DIN 07501833 | Whole-time director | 12 May 2016 | 10 yrs 5 mo | First Data Development Private Limited |
| Gopakumar Subramonian DIN 01857649 | Whole-time director | 12 May 2016 | 10 yrs 5 mo | First Data Development Private Limited |
People of Fiserv
662 people are tracked at Fiserv (431 in leadership, 8 in board & advisors, 223 in team); the tracked headcount is 1,710.
| Name | Role | Group |
|---|---|---|
Hemal Yadav | Director IT | Leadership |
Guy Chiarello | COO | Leadership |
Christopher M. Foskett | Chief Sales Officer & Vice Chairman | Leadership |
Riegie Godwin Jeyaranchen | Director Of Software Engineering | Leadership |
Prasanna Dhore | CDO & President, Data Commerce Solutions | Leadership |
Deva Annamalai | Head Of Strategy And Solutions Consulting, Digital Payments | Leadership |
Carlos Correal | Director Of Engineering | Leadership |
Brianne Mathew | Director Information Technology II Customer Experiences | Leadership |
Eric Pofsky | Senior Vice President Finance | Leadership |
Joshua Bates | Director, Mainframe Security Engineering | Leadership |
Jason Roth | Director, IT Architecture | Leadership |
Andrew Gelb | Head of Financial Solutions | Leadership |
Robin Ording | Senior Vice President, Talent Management & Learning | Leadership |
Yezdi M. | Vice President Information Technology | Leadership |
Ashit Dave’ | VP Of IT | Leadership |
Edwin Fromayan | Vice President Information Technology Services | Leadership |
Andy Haffke | Vice President Information Technology | Leadership |
Jochen Figge | Director Key Accounts | Client Relations | Leadership |
Umesh Raj | Senior Director, Digital Experience And E-commerce Technology | Leadership |
Mohd Amir | Vice President Of Technology | Leadership |
642 more people are available in the full profile.
Complete people profiles for Fiserv
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Financials of Fiserv
Figures of First Data Development Private Limited, the primary company behind Fiserv, for FY 2022. Revenue was ₹505 Cr (-1% year on year). Net profit was ₹52.53 Cr (10% margin). EBITDA was ₹100 Cr (20% margin). Revenue has grown at a compounded annual rate of +36% over three years.
- ₹505 CrRevenue · FY 2022 · -1% YoY
- ₹52.53 CrNet profit · 10% margin
- ₹100 CrEBITDA · 20% margin
- ₹1.38 CrPaid-up capital
- 1,710Employees (provident fund records)
- +36%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of First Data Development Private Limited are on its company page.
Detailed financial statements for Fiserv
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Fiserv
Fiserv has strategically engaged in corporate development activities, having acquired 23 companies. Notable acquisitions include Acculynk, Achex and CardConnect.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Payment terminals are supplied to UK small-medium businesses by Payzone. | payzone.co.uk | Northwich, United Kingdom | 1980 | Apr 2019 | $113M | |
Provider of POS software solutions for in-store retail businesses | ayca.sh | Nuremberg, Germany | 2008 | Mar 2019 | •••• | |
POS payment solutions are offered for businesses via hardware terminals. | softwareexpress.com.br | Sao Paulo, Brazil | 1986 | Mar 2019 | $22B | |
Payment processing and technology services are provided globally. | cardconnect.com | King Of Prussia, United States | 2006 | May 2017 | $750M | |
Online payment processing services are offered for merchants. | acculynk.com | Atlanta, United States | 2008 | Mar 2017 | •••• | |
Payment processing solutions are offered for businesses via POS terminals. | trubeacon.com | Englewood Cliffs, United States | 2014 | Feb 2016 | •••• | |
Open source e-commerce solutions are provided for online businesses. | spreecommerce.org | Poland | 2007 | Sep 2015 | •••• | |
Gift cards are offered through a web and mobile marketplace. | gyft.com | San Francisco, United States | 2012 | Jul 2014 | •••• | |
Loyalty software for SMBs | perka.com | Portland, United States | 2011 | Oct 2013 | $34.1M | |
Cloud-based mPOS system for small business operations is offered. | clover.com | Mountain View, United States | 2010 | Oct 2013 | •••• |
Complete acquisition details for Fiserv
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Timeline of Fiserv
16 dated milestones of Fiserv across 48 years, from founding to its latest funding, stage changes and deals.
- Founded Fiserv is founded.
- Exit Acquired by KKR.
- Acquisition Acquires Clover.
- Acquisition Acquires Perka.
- Funding First funding round.
- Acquisition Acquires Gyft.
- Acquisition Acquires Spree Commerce.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires TruBeacon.
- Acquisition Acquires Acculynk.
- Acquisition Acquires CardConnect.
- Funding Latest funding round, Debt – Conventional, of $6.0B.
- Exit Acquired by Fiserv.
- Acquisition Acquires Software Express.
- Acquisition Acquires ayCash.
- Acquisition Acquires Payzone UK.
Web traffic of Fiserv
The website of Fiserv (firstdata.com) receives about 9.6M visits a month and ranks #6,986 among all websites worldwide, #441 in Financial Planning and Management.
- Monthly visits9.6M
▲ 2.4% vs previous month
- Unique visitors4M
per month
- Global rank#6,986
among all websites
- Category rank#441
Finance · Financial Planning and Management
- Bounce rate38%
- Pages per visit2.4
- Average visit1 min 54 sec
- DevicesDesktop 40% · Mobile 60%
Websites whose visitors overlap most with Fiserv. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bankofamerica.com | 100% | 113.9M | #258 | View details | |
| elavon.com | 91% | 1.7M | #25,351 | View details | |
| chasepaymentech.com | 91% | #2,257,897 | View details | ||
| moneynetwork.com | 89% | #64,888 | View details | ||
electran.org | electran.org | 89% | #1,746,797 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Fiserv
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Fiserv (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Related news about Fiserv
Complete news archive for Fiserv
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Frequently Asked Questions about Fiserv
Fiserv was founded in 1971 and raised its 1st funding round 43 years after it was founded.
Fiserv is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Fiserv has 1,710 employees.
The primary company behind Fiserv, First Data Development Private Limited, reported revenue of ₹505 Cr for FY 2022, down 1% year on year.
Fiserv is engaged in delivering payment processing and enterprise commerce solutions. Services are offered to large enterprises, mid-sized businesses, and small merchants across various sectors. Omnichannel payment platforms like Carat are developed for global businesses, while Clover POS systems are tailored for small merchants. Partnerships with ISVs are supported to integrate payment acceptance into software. Innovations in contactless and voice commerce are also pursued to enhance customer experiences.
Fiserv offers Carat and Clover.
Fiserv has made 23 acquisitions, including Acculynk, Achex, and CardConnect.
Fiserv has 3 investors. Key investors include KKR, Fiserv, and Stone Point Capital.
Fiserv operates through First Data Development Private Limited.
Yes. Fiserv was acquired by Fiserv in January 2019.
The legal entities of Fiserv currently have 2 directors, including Srini Krish, Gopakumar Subramonian.
Yes. Fiserv publishes AuthentiCare 2.0, with over 100,000 downloads.