Houlihan Lokey Advises Swift Prepaid Solutions

Houlihan Lokey is pleased to announce that Swift Prepaid Solutions, Inc., (Swift) has been acquired by Bain Capital Ventures and Silversmith Capital Partners. 

Founded in 1996 as a non-bank issuer of Visa and MasterCard prepaid cards, today Swift distributes millions of payments annually on behalf of the world's largest corporations, in nine currencies, to participants in more than 160 countries. As a technology-driven payments innovator in the space, Swift offers robust corporate partner platforms that distribute both physical and virtual cards through leading-edge digital solutions where payments can be distributed via email, text message, or product packaging. Users can access their rewards in real time through mobile and web portals with multiple language options.

Swift delivers prepaid funds on behalf of a diverse group of corporate clients to their equally diverse target audiences—typically consumers, employees, or the sales distribution channel. From consumer rebate programs to sales force incentives to emergency disaster relief for populations in need, clients use Swift's products to promote, incentivize, reward, and pay. Swift goes beyond what you expect from a prepaid provider to include advanced reporting tools, program permissions, and management platforms, working with organizations of all sizes, from vast global conglomerates to small and mid-size enterprises. A range of variable options allows programs to boost brands, help organizations acquire new customers and retain existing ones, reward behavior, drive loyalty, and even provide emergency funds to those facing catastrophic conditions.

Bain Capital Ventures is the venture arm within Bain Capital, which has approximately $66 billion of assets under management worldwide. The firm's history of investing in early-stage companies dates back to 1984 with more than 125 venture investments since inception. Bain Capital Ventures manages $2.0 billion of assets, has more than 70 active portfolio companies, and has offices in Boston, New York, and Palo Alto.

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $460 million of capital under management. The firm's mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies, investing $15 million to $75 million per opportunity. Representative investments include ActiveCampaign, Digital Map Products, Impact Radius, LifeStance Health, and Partners Surgical.