Atlanta-based payment security company Bluefin has raised $25 million in growth financing led by Macquarie Capital Principal Finance.
Bluefin, led by CEO John Perry and founded in 2007, specializes in securing payment data and personal information through point-to-point encryption and data tokenization.
Macquarie is a global financial services group that invests in industries such as payment processing or internet security. Macquarie joins Napier Park Global Capital and Camden Partners as investors in Bluefin.
The fintech company will use the funds to grow its product and its geographical reach, according to an Oct. 27 press release. Bluefin currently has 130 partners across 32 countries.
“We’re looking at complimentary markets that we don’t necessarily have a leg in that we may want to be more involved in, as well as looking at potential platforms and opportunities outside the United States,” Perry told Atlanta Inno.
Perry said Bluefin is working on plans to acquire other companies that have already built the technology that could allow Bluefin to expand its services, such as strengthening the data privacy portion of the company.
Because of the COVID-19 pandemic, the company started focusing more on security solutions for contactless payment options, e-commerce and remote workers.
“We became very focused on the central industries, such as healthcare, that not only needed the kind of support we could provide but needed it quickly,” Perry said.
