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Parthenon Capital, Tiger Global fuel payments sector ‘boom’

Parthenon Capital Partners, FTV Capital and Great Hill Partners are among firms that carved out a niche investing in payments companies years ago, but they’re not so alone anymore.

A wave of private equity, venture capital and hedge funds have targeted the payments sector in the past couple years and the surge in money directed at startup payment technology companies shows no signs of letting up. Now, fundraising by payments companies, valuations for them, and competition to invest in them are on the rise.

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