Investor Presentaiton
Overview of Transaction & Deepstack Technologies
deepstack
Overview
Software-led and e-commerce payments
platform that provides clients with payment
solutions, including merchant processing,
payments acceptance and disbursements,
tokenization, virtual accounts, fraud
protection tools, chargeback management,
and reconciliation and reporting services
Offices: Southern, CA and
Jupiter, FL
BANC OF
CALIFORNIA
CEO: Jayme Amirie
➤
Founded: 2010
➤ 11 Employees, with 8 located
in Southern CA and 3 in FL
➤ All employees joined BANC
➤ www.deepstack.io
Banc of California has acquired the assets of Global Payroll Gateway and its subsidiary Deepstack Technologies LLC
("Deepstack") for $24 million in cash and stock
Provides Banc of California with proprietary payments software solution and entrance into payment processing space for business
customers
Provides opportunity to offer payment processing services to current Banc of California clients as well as integrated software vendors
("ISVs"), e-commerce marketplaces, fintechs and other merchants serving business clients. Opening deposit accounts at Banc of
California will give businesses same day visibility into merchant transactions and faster funding
Provides a meaningful opportunity to grow fee income and core deposits
Further differentiates the Banc of California experience and provides commercial banking teams with another tool for developing
relationships with commercial clients in California
Advances Banc of California's goal to be the hub of the financial services ecosystem for clients while creating another driver of
profitable long-term growth and franchise value
Advanced Technology: Built to ISO 8583 standards, with ability to accurately process transactions at a speed and volume capable of
connecting directly to card brands. Eventually can reduce processing costs while also having the ability to build data warehouse
necessary to provide real-time insights for clients
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