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Evening Standard
Evening Standard
Business
Simon Hunt

Capita shares surge on £150 million fintech sale

Capita fintech Jon Lewis Access Group

City of London skyline (Dominic Lipinski/PA)

(Picture: PA Archive)

Shares in Capita surged 9% to 28p this morning after the professional services company announced the sale of its fintech business Pay360 in a £156 million deal.

Manchester-based Pay360, which provides online payment processing services, has been snapped by software firm The Access Group in a deal which values it at around 3.5 times its annual revenue.

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