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Growth equity firm Spectrum Equity leads a $45 million investment in payment tech services firm Ethoca

US-based growth equity firm, Spectrum Equity, led a $45 million minority growth equity investment in Ethoca, which provides technology services for credit card issuers and online retailers. Ethoca, which has offices in Austin and Toronto, has trebled its revenues in 2014, by offering technology that aids retailers to avoid e-commerce and credit card fraud. Spectrum was founded in 1994 and has invested in more than 120 companies over the last 20 years.


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