DNA Payments Group Raises £100 Million in Funding

Fazzaco learned that DNA Payments Group (DNA), an Integrated payments company, has raised £100 Million in funding to accelerate growth and make new acquisitions.

According to the official press release, DNA has signed a £100 million deal with Alchemy Partners (Alchemy).

With headquarters in London and an operations hub in Kent, DNA currently serves over 45,000 merchants ranging from major online and offline retailers to SMEs, providing them with over 70,000 terminals which make over 20 million transactions worth over £600m a month.

Arif Babayev and Nurlan Zhagiparov, the Founders of DNA, said: "Alchemy's investment marks a historic day for DNA and is a huge endorsement of our company and our technology. We have been looking for the right partner with the right ethos, vision and experience, and we are lucky to have found this partnership with Alchemy. The past year has been difficult for businesses of all sizes, and at DNA we have been fully dedicated to helping our customers manage through the pandemic. In the past few months, DNA has expanded our e-comm solutions and payment methods, providing merchants with Pay by Link, Checkout v3, ApplePay, Pay by Bank, PayPal, Open Banking and many other new capabilities."  

Toby Westcott, Partner at Alchemy Partners, commented: "We are delighted to be partnering with DNA. Alchemy is always looking for opportunities to partner with talented business founders and uncover attractive investments that others may not be able to access."