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Private Equity
ashbypointcapital.com

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Investments

3

Portfolio Exits

1

About Ashby Point Capital

Ashby Point Capital is a private equity firm. It focusses on making investments in growth companies within the payment systems and financial services industries.

Ashby Point Capital Headquarter Location

1240 Ashby Court

Arnold, Maryland, 21012-2267,

United States

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Latest Ashby Point Capital News

PE-backed Pin4 aquires HCI

Jun 13, 2017

Pin4, which is backed by Ashby Point Capital, has acquired Madrid-based HalCash International, a developer and owner of mobile phone-based technology that enables cardless cash withdrawals at ATMs. No financial terms were disclosed. PRESS RELEASE CHATHAM, N.J. (PRWEB) JUNE 13, 2017 HalCash North America (HCNA), referred to in the U.S. as its operating brand Pin4™, announced the acquisition of a majority equity ownership stake in HalCash International (HCI). HalCash International is based in Madrid and is the developer and owner of the HalCash system—a patented, mobile-phone-based technology enabling real-time cardless cash withdrawals at ATMs without the need for a credit card, debit card or bank account. The HalCash system was developed in Spain by ABANCA, Bankinter, Banco Popular, Cajamar and Caja Laboral. The system currently provides access to more than 8,000 ATMs throughout Spain and is used by financial institutions, marketing companies, remittance companies and other businesses to deliver real-time cash payments to their customers. In 2016, HCI conducted more than 800,000 transactions and is expected to exceed 1,000,000 transactions in 2017. In 2015, Pin4 was formed to bring the highly-successful HalCash system to the U.S under the brand Pin4. Pin4’s controlling interest allows for an accelerated growth strategy that will aggressively expand the system into new countries to create a global cardless cash network. This expansion turns ATMs into mobile money terminals by combining the 4.8 billion global mobile phone users with the 3 million globally deployed ATMs, according to GSMA and ATMIA respectively. This innovative system evolves the traditional consumer ATM experience, allowing for cardless disbursement of in-country and cross-border transactions such as person-to-person transfers, emergency cash, disaster relief, and consumer promotions and rewards. The system is secured by a patented dual-pin authorization process, which gives disbursing companies access to a complete consumer base—the banked, under-banked and unbanked communities. “Today’s consumers are both mobile-centric and global,” said Richard Witkowski, CEO of Pin4. “The ability to disburse funds to this consumer base regardless of card and bank status is invaluable to our customers—from retailers and marketing companies to banking institutions and remittance companies. Pin4 was built to meet this need. And, now, we are properly positioned to rapidly take this capability global.” The transaction was led by U.S. fintech private equity firm Ashby Point Capital—an early HCNA investor. “We’re excited about the prospects for cardless ATM technology,” said Jim Leroux, new CEO of HCI and current Ashby Point Capital Partner. “By exporting the highly-successful HalCash system from Spain to the U.S. and new countries globally, we will unlock the potential of the millions of ATMs around the world.” About Ashby Point Capital Ashby Point Capital is a specialized private equity firm focused exclusively on investing in growth companies in the payments/financial services areas. Ashby Point was founded by Bill Westervelt and Jim Leroux, both of whom are payment industry veterans with 25+ years of experience advising, operating and investing in payments companies. Bill and Jim are active “hands-on” investors and provide significant support and guidance to their portfolio companies. To date, Ashby Point has made nine investments, including companies in the cardless ATM cash, gift/prepaid card, healthcare transaction processing, credit reporting, merchant acquiring, cross-border bill payment and debt collections areas. For more information, visit http://www.ashbypointcapital.com. About Pin4™ Launched in 2015, Pin4 is the first independent cardless cash network in the U.S. The network provides real-time cash delivery at enabled ATMs without the need for a debit/credit card or bank account. This capability enables next generation P2P transfers, consumer promotions and rewards delivery, and other use cases. Pin4 also creates new revenue streams for ATM owners. Pin4 continues to roll-out across the U.S. with major footprints in Chicago, Miami, Los Angeles and New York City. For more information, please visit http://www.pin4.com or follow us on Facebook, Twitter and YouTube. Take your pick! Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now . VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now . Sign up to our Newsletter Receive updates from our PE HUB Wire and Top Stories of the Week newsletters: First Name:

Ashby Point Capital Investments

3 Investments

Ashby Point Capital has made 3 investments. Their latest investment was in InstaMed as part of their Growth Equity - II on May 5, 2012.

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Ashby Point Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/23/2012

Growth Equity - II

InstaMed

$14M

No

9/21/2010

Growth Equity

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$99M

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0

3/10/2009

Series D

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$99M

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0

Date

5/23/2012

9/21/2010

3/10/2009

Round

Growth Equity - II

Growth Equity

Series D

Company

InstaMed

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Amount

$14M

$99M

$99M

New?

No

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Co-Investors

Sources

0

0

Ashby Point Capital Portfolio Exits

1 Portfolio Exit

Ashby Point Capital has 1 portfolio exit. Their latest portfolio exit was InstaMed on May 17, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/17/2019

Acquired

$99M

6

Date

5/17/2019

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

6

Ashby Point Capital Team

1 Team Member

Ashby Point Capital has 1 team member, including current Founder, James D. Leroux.

Name

Work History

Title

Status

James D. Leroux

SVM, First Annapolis Consulting, Bingham McCutchen, and U.S. Army

Founder

Current

Name

James D. Leroux

Work History

SVM, First Annapolis Consulting, Bingham McCutchen, and U.S. Army

Title

Founder

Status

Current

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