Planet Payment, the AIM-quoted international multi-currency payment processor guided by Philip Beck, has successfully lured in several savvy investors and widened its shareholder base by way of a $7.6 million private placing.

Planet Payment, the AIM-quoted international multi-currency payment processor guided by Philip Beck, has successfully lured in several savvy investors and widened its shareholder base by way of a $7.6 million private placing.

Financing for the New York headquartered counter was led by US private equity house Camden Partners as well as Richard Kiphart, a former boardroom heavy hitter at Concorde EFS, now owned by $18 billion New York Stock Exchange listed First Data Corporation.

Kiphart sports an array of contacts in Asia, which should prove invaluable with Planet planning to speedily expand its business in Greater China.