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Corporation
SOFTWARE (NON-INTERNET/MOBILE) | Financial Services Software
fiserv.com

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Investments

10

Portfolio Exits

5

Partners & Customers

10

Service Providers

1

About Fiserv

Fiserv (NASDAQ: FISV) is a technology provider serving the financial services industry, offering solutions in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization.

Fiserv Headquarter Location

255 Fiserv Drive

Brookfield, Wisconsin, 53045,

United States

800-872-7882

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Expert Collections containing Fiserv

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Fiserv in 6 Expert Collections, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

C

Credit Union Tech

66 items

P

Payments

1,949 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

B

Banking

468 items

Startups providing solutions to banks to automate processes and operations.

C

Conference Exhibitors

5,302 items

F

Fintech

7,344 items

US-based companies

Fiserv Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Fiserv Rank

Latest Fiserv News

How a 91-Year-Old LA Deli Inspired the Launch of Next Gen Virtual Kitchen Concepts

May 16, 2022

Alex Canter recalls his first morning working at the family restaurant after graduating from college in 2014, when President Barack Obama made an appearance with hordes of press and the Secret Service blocked off “six blocks in every direction.” Similar scenes aren’t unusual at Canter’s Deli, a Los Angeles icon and hangout for the Hollywood crowd that’s starred in countless films and TV shows itself. While diners are still packing its vinyl booths to have a nosh 24/7 (except on Rosh Hashana and Yom Kippur), celebrity status hasn’t made the 91-year-old establishment immune to the seismic shift that’s underway in the restaurant business. With the rise of digital ordering, restaurants like Cantor’s are increasingly finding ways to adapt their business to consumers’ desire for food on demand, leveraging digital channels to boost sales at any hour of the day. Canter, who’s the CEO of virtual restaurant company Nextbite in addition to being a fourth-generation deli owner, argued in an interview with PYMNTS’ Karen Webster that 90% of restaurants could be making more food and meeting more demand, especially if they leverage their space and resources to prepare foods specifically designed to target consumers’ off-hours wants and needs. For its part, Nextbite creates virtual restaurant concepts that appeal to customer cravings, working with chef and restaurateur Tom Collichio to help restaurateurs — for instance, to serve up recipes from his New York ‘Wichcraft’ sandwich shop, or with rapper Wiz Khalifa to satisfy late-night munchies with Khalifa-inspired menu items — all delivered via popular order aggregators. “We’ve really wanted to help these restaurants to maximize their underutilized kitchens, ’cause every restaurant has these opportunities to sell more food if they had that demand to do so,” he said. “With IHOP, for example, they’re 24/7 at the majority of their locations, but they’re really busier in the mornings than they are at night. So, we’ve designed two concepts for them: a grilled cheese concept and a quesadilla brand that is performing exceptionally well from 9 p.m. to 5 in the morning.” Of course, running a restaurant is not all lulls and waiting around. For busy hours, Canter noted that the company offers an option for restaurants to switch off service on digital platforms to accommodate times when kitchens are at full capacity fulfilling orders from in-store customers. Need for Speed The success of these virtual brand initiatives hinges on the continued popularity of digital ordering. Canter explained that the top factor driving digital ordering is “definitely convenience,” adding that this “is not a trend.” In fact, he pointed out that food-at-home occasions are now competing with grocery occasions, citing the example of the breakfast daypart. Consumers are increasingly ordering delivery for food and coffee in the morning, capturing additional occasions when consumers would once have purchased packaged food or raw ingredients. Indeed, research from PYMNTS’ 2021 How We Eat Playbook , created in collaboration with  Carat from Fiserv and drawing from a survey of a census-balanced panel of more than 5,200 U.S. consumers, revealed a dramatic increase in at-home restaurant meal consumption. The study found that consumers were 31% more likely to order meals for delivery or pickup than to dine on-site. Plus, in the year since that survey, consumers have only grown more accustomed to digital ordering. The Physical-Digital Challenge Canter’s is certainly not the only restaurant making changes to meet the rising demand for digital ordering. Large brands are rerouting their resources toward digital ordering channels, unveiling smaller footprint stores and virtual locations. Yet, while major chains are able to focus their store concepts for new locations on capturing this demand, many restaurants are stuck with physical spaces that were not meant for running major off-premises business. Canter noted that even Michelin-starred fine-dining establishments have “figured out some sort of version” of their food that can be prepared for off-premises consumption. However, those that have attempted a one-to-one transposition of their on-premises menus found that not all items can succeed on every channel. He explained that these restaurants should “pay really close attention” to information about product performance on delivery apps’ dashboards. Supply chain challenges impose additional constraints. Canter described the difficult position in which many find themselves. As prices of certain items skyrocket and other ingredients become nearly impossible to obtain, they are forced to decide whether to remove menu items permanently or temporarily, potentially damaging customer loyalty, and whether to raise prices, which could further alienate diners. Even more pressing than these challenges, he argued, is the difficult labor market. “It’s been harder than ever to keep kitchen staffed, and turnover … is just making it so unpredictable [to] keep consistent hours and to keep delivery apps going,” he said. Filling in the Gaps Ultimately, the advantage of Nextbite’s virtual brands is that they enable restaurants to make better use of under-utilized kitchen space and drive sales in under-trafficked dayparts. In addition to grilled cheese and quesadilla brands, another example of this strategy is the company’s partnership with YouTuber and internet celebrity Cody Ko, Dessert Club. By targeting the dessert occasion, the brand drives sales outside of typical mealtimes. “[This] will be running out of the back of a network of underutilized kitchens across the U.S.,” Canter said. He added that, given the fixed costs restaurants are paying for rent, for their existing staff, to keep the lights on and more, these brands allow restaurants to “push more food through these kitchens,” driving more revenue from their existing investments. And for those wondering: Obama’s deli order? “He was actually on his way to a lunch right after, so he didn’t have a full meal at Canter’s, which was unfortunate, but he did eat some chocolate-chip rugelach and was on his way,” Canter said. ——————————

Fiserv Investments

10 Investments

Fiserv has made 10 investments. Their latest investment was in Russell Innovation Center for Entrepreneurs as part of their Grant on December 12, 2021.

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Fiserv Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/15/2021

Grant

Russell Innovation Center for Entrepreneurs

$1M

Yes

1

12/14/2021

Growth Equity - IV

NYDIG

$1,000M

Yes

42

12/8/2021

Series B

Union

$22M

Yes

14

12/1/2021

Series A

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$99M

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10

3/3/2021

Series A - II

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$99M

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10

Date

12/15/2021

12/14/2021

12/8/2021

12/1/2021

3/3/2021

Round

Grant

Growth Equity - IV

Series B

Series A

Series A - II

Company

Russell Innovation Center for Entrepreneurs

NYDIG

Union

Subscribe to see more

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Amount

$1M

$1,000M

$22M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

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Co-Investors

Sources

1

42

14

10

10

Fiserv Portfolio Exits

5 Portfolio Exits

Fiserv has 5 portfolio exits. Their latest portfolio exit was Chain on June 25, 2018.

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

6/25/2018

Acquired

8

6/8/2015

Acq - P2P

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10

8/17/2011

Acquired - II

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$99M

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10

7/2/2008

Divestiture

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$99M

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10

11/3/2007

Divestiture

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$99M

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10

Date

6/25/2018

6/8/2015

8/17/2011

7/2/2008

11/3/2007

Exit

Acquired

Acq - P2P

Acquired - II

Divestiture

Divestiture

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

8

10

10

10

10

Fiserv Acquisitions

30 Acquisitions

Fiserv acquired 30 companies. Their latest acquisition was Finxact on February 07, 2022.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

2/7/2022

Series B

$99M

$76.34M

Acquired

13

10/18/2021

Series C

$99M

$58.81M

Acquired

4

3/25/2021

Private Equity

$99M

$35.96M

Acquired

14

12/16/2020

Series E+

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$99M

$99M

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10

3/18/2020

Series B

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$99M

$99M

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10

Date

2/7/2022

10/18/2021

3/25/2021

12/16/2020

3/18/2020

Investment Stage

Series B

Series C

Private Equity

Series E+

Series B

Companies

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$76.34M

$58.81M

$35.96M

$99M

$99M

Note

Acquired

Acquired

Acquired

Subscribe to see more

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Sources

13

4

14

10

10

Fiserv Partners & Customers

10 Partners and customers

Fiserv has 10 strategic partners and customers. Fiserv recently partnered with Arkansas Federal Credit Union on April 4, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

4/13/2022

Partner

Arkansas Federal Credit Union Upgrades P2P Solution to Zelle via Fiserv, Sees Boom in Transactions and Users

`` We have a long partnership with Fiserv , Inc. and trust them to help keep us at the forefront of digital payment solutions for our members , '' said Nicole Matsoukas , Senior Vice President and Chief Information Officer at Arkansas Federal Credit Union .

1

3/30/2022

Partner

United States

First It Signed up With MX. Now Fiserv Expands Its Open Banking Platform With Finicity

For the second time in a week , Fiserv Inc. has taken a plunge into open-banking technology , announcing on Wednesday a partnership with Finicity , a Mastercard Inc.-owned open-banking platform provider .

2

3/22/2022

Partner

United States

Fiserv, MX partner for expanded Open Banking

Fiserv , MX Technologies partner for expanded Open Banking

2

3/22/2022

Partner

United States

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10

3/9/2022

Client

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10

Date

4/13/2022

3/30/2022

3/22/2022

3/22/2022

3/9/2022

Type

Partner

Partner

Partner

Partner

Client

Business Partner

Country

United States

United States

United States

News Snippet

Arkansas Federal Credit Union Upgrades P2P Solution to Zelle via Fiserv, Sees Boom in Transactions and Users

`` We have a long partnership with Fiserv , Inc. and trust them to help keep us at the forefront of digital payment solutions for our members , '' said Nicole Matsoukas , Senior Vice President and Chief Information Officer at Arkansas Federal Credit Union .

First It Signed up With MX. Now Fiserv Expands Its Open Banking Platform With Finicity

For the second time in a week , Fiserv Inc. has taken a plunge into open-banking technology , announcing on Wednesday a partnership with Finicity , a Mastercard Inc.-owned open-banking platform provider .

Fiserv, MX partner for expanded Open Banking

Fiserv , MX Technologies partner for expanded Open Banking

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Sources

1

2

2

10

10

Fiserv Service Providers

1 Service Provider

Fiserv has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

PIPE

Investment Bank

Joint Bookrunner

Service Provider

Associated Rounds

PIPE

Provider Type

Investment Bank

Service Type

Joint Bookrunner

Partnership data by VentureSource

Fiserv Team

100 Team Members

Fiserv has 100 team members, including current Chief Executive Officer, President, Leslie Muma.

Name

Work History

Title

Status

Leslie Muma

Chief Executive Officer, President

Current

Alain Barbet

Berentzen, Pernod Ricard, Corby Spirit and Wine, and Pernod Ricard USA

President, Senior Vice President

Current

Gideon Fourie

Chief Financial Officer, Chief Operating Officer

Current

Frank Bisignano

Chief Operating Officer

Current

Dudley White

Chief Information Officer, Senior Vice President

Current

Name

Leslie Muma

Alain Barbet

Gideon Fourie

Frank Bisignano

Dudley White

Work History

Berentzen, Pernod Ricard, Corby Spirit and Wine, and Pernod Ricard USA

Title

Chief Executive Officer, President

President, Senior Vice President

Chief Financial Officer, Chief Operating Officer

Chief Operating Officer

Chief Information Officer, Senior Vice President

Status

Current

Current

Current

Current

Current

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