Vancouver’s PayByPhone to be acquired by U.S. equity firm

Vancouver’s PayByPhone to be acquired by U.S. equity firm

Vancouver-based mobile parking payments platform PayByPhone is set to change hands, again.

Lightyear Capital to Buy PayByPhone App

PayByPhone, the Vancouver-based leader in mobile parking payments, is being acquired by Lightyear Capital, a New York-based private equity firm.

Vancouver Fintech PayByPhone Acquired by New York's Lightyear Capital

A United States private equity firm is acquiring Vancouver-based mobile parking payments firm PayByPhone. New York’s Lightyear Capital recently signed an agreement to acquire the financial technology company from corporate payments giant Corpay. Lightyear partners with growing companies “at the nexus of financial services and technology, healthcare, and business services.” B.C.’s PayByPhone, meanwhile, is a provider of digital parking payments a…

Corpay Announces Agreement to Sell Non-Core Vehicle Payments Asset

Corpay, Inc., the corporate payments company, announced that it has signed a definitive agreement to sell PayByPhone, a mobile parking payments business, to Lightyear Capital. “We’ve agreed to terms to divest our PayByPhone business, and hope that PBP will prosper under Lightyear’s ownership,” said Ron Clarke, Chairman and CEO of Corpay. “The transaction is another step to simplify our portfolio, and speed our rotation to more corporate payments…

Lightyear Capital signs agreement to acquire PayByPhone - CanadianSME Small Business Magazine

Lightyear Capital, a New York-based private equity firm with over US$7 billion in assets under management, has signed an agreement to acquire PayByPhone, a global leader in mobile parking payments, from Corpay (NYSE: CPAY). For over 25 years Lightyear has partnered with growing companies at the nexus of financial services and technology, healthcare, and business services, working closely with management and leveraging its industry expertise, net…