Parthenon Capital is pleased to announce that it has made an additional investment in CardWorks, Inc., the parent company of CardWorks Servicing, Merrick Bank and Carson Smithfield. In connection with the transaction, Parthenon’s co-CEO and managing partner, Brian Golson, will join CardWorks’ Board of Directors.
“Having known Don Berman and the unique franchise he has nurtured at CardWorks for nearly 30 years, I am thrilled to expand our investment in the company”
Don Berman, CardWorks founder, executive chairman and majority shareholder, commented, “Everyone at CardWorks has benefited from having Parthenon Capital involved in our company as shareholders and partners over the last four years. I am pleased that Parthenon’s confidence in CardWorks has merited an additional investment.”
Latest Fintech News: Mastercard Advances Commitment to Black Women-Owned Businesses Across the US
“Furthermore, I am excited to welcome Brian Golson to CardWorks’ Board,” Berman added. “I am confident that Brian’s perspectives and experience will be valuable as we work together to grow our business as a people-centric, compliance-focused organization enabled by data and technology.”
Latest Fintech News: Genesis Digital Assets Selects MSCI to Support ESG Efforts
“Having known Don Berman and the unique franchise he has nurtured at CardWorks for nearly 30 years, I am thrilled to expand our investment in the company,” said Golson. “We value our partnership with Don, Dan Pillemer, and the entire CardWorks team. I am humbled by the opportunity to join the Board of this iconic financial technology franchise that excels in consumer lending, payments and servicing and contribute to its continued success on behalf of its employees, clients and customers for many years to come.”
Latest Fintech News: Valliance Bank Chooses Bakkt to Offer Clients Access to Cryptocurrency
[To share your insights with us, please write to sghosh@martechseries.com]
