<p style="line-height: 18.9091px;">FTV Capital, a growth equity firm with offices in San Francisco and New York, has invested in the StoneEagle Services’ VPay unit, a business-to-business payment processing platform, Laura Cooper reports for LBO Wire. VPay offers a virtual card that is designed specifically for processing insurance claim payments. The card is delivered to the payee and is processed like a credit card transaction.</p>
<p style="line-height: 18.9091px;">FTV Capital sees an opportunity to expand into other markets in which VPay has yet to enter, and the firm has appointed Andy Roberts, the former chief executive of former FTV portfolio company Fleet One, as the company’s new chief executive.</p>