Under pressure PayTech giant Ingenico lands €150 million in new capital from PIMCO led group of investors
Ingenico, a specialist in payment acceptance solutions, has announced an agreement to reset its capital structure, anchored by a €150 million investment from a PIMCO led group of investors. The cash will be used to accelerate product innovation.
It will also support Ingenico’s Customer Excellence team and its global footprint, including new locations in London, San Francisco and Istanbul, with a view to bringing Account Managers, Solutions Engineers, and Customer Support Managers closer to customers and partners in key markets worldwide.
Recently appointed CEO Floris de Kort says that he is focused on building next-generation payment acceptance technology through cloud-based platforms, with the aim of making Ingenico a faster, simpler, and more valuable partner for customers globally.
“This agreement gives Ingenico the ability to move faster on the priorities that matter most: building great products, simplifying payment operations and delivering for our customers and partners,” he comments. “With a strong balance sheet and new capital in place, we can execute better and invest in the areas that will define our next phase. We have the foundation, the priorities, and a team that knows how to deliver. I’ve never been more confident that Ingenico’s best years are ahead of us.”
Under pressure
Earlier this year, Ingenico, which has been owned by Apollo Global Management since 2022, opened talks with its creditors over a €1.1 billion debt due by 2030, according to a Bloomberg report.
The article noted that the terminals market had hardened. Ingenico, which once dominated this space alongside Verifone, was losing share to China's PAX with materially cheaper devices. A shift toward software and cloud had not been enough to turn things around. Moody's downgraded the company from B3 to Caa2 in February, citing "very high" leverage, persistently negative free cash flow and weak liquidity.
2026 RTIH Innovation Awards
Payments will be a key focus area at the 2026 RTIH Innovation Awards.
The awards are now open for entries and celebrate global retail technology innovation in a fast moving omnichannel world.
Our winners will be revealed at the 2026 RTIH Innovation Awards Ceremony, taking place at The HAC in Central London on Wednesday, 4th November.
Check out our 2025 winners here.
Our 2025 hall of fame entrants were revealed during a sold out event which took place at The HAC on 16th October and consisted of a drinks reception, three course meal, and awards ceremony presided over by award winning comedian, actress and writer Tiff Stevenson.
In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “This is the awards’ fifth year as a physical event. We started off with just 30 people at the South Place Hotel not far from here, then moved to London Bridge Hotel, then The Barbican, and last year RIBA’s HQ in the West End.”
“But I’m conscious of the fact that, to quote the legend that is Taylor Swift, You’re only as hot as your last hit, baby. So, this year we’ve moved to our biggest venue yet, and also pulled in our largest number of entries to date and broken attendance records.”
He added: “This year’s submissions have without doubt been our best yet. To quote one of the judges: The examples of innovative developments across both traditional and digital retail spaces were truly remarkable.”
Congratulations to our winners, and a big thank you to our sponsors, judging panel, the legend that is Tiff Stevenson, and all those who attended our 2025 gathering.
