London based online payments platform raised $1b in new funding from investors including Franklin Templeton, Qatar Investment Authority, Insight Partners and Tiger Global.
The company plans to pursue an initial public offering eventually, but isn’t ready to do so yet. Mr. Pousaz said he doesn’t feel investor pressure to go public soon because he first raised money less than three years ago. He also selected investors such as Franklin Templeton that are comfortable holding on to their stakes long after an IPO. “We’ll have a long life in the public market,” Mr. Pousaz said. “We have a couple years before we get there.”