Loomis Secures $45M Investment in Secure Payment Solutions

Loomis, a global leader in comprehensive payment management solutions, has successfully secured $45,000,000 in new funding from investors. This significant capital injection will support the company's strategic growth initiatives as it continues to expand its services worldwide. Headquartered in Stockholm, Sweden, Loomis offers secure and effective solutions for managing payments, encompassing the distribution, handling, recycling, and storage of cash and other valuables. With a rich history spanning 170 years, the company serves a diverse client base including financial institutions, retailers, other commerce-related businesses, and the public sector. Its extensive network comprises over 25,000 employees operating in more than 400 branch offices across 27 countries. Loomis prides itself on being a trusted partner for major banks and Central Banks, promoting a sustainable approach through initiatives like reducing cash movement via bulk till facilities and recycling returned banknotes. The company's corporate culture is built on People, Service, and Integrity, driving its commitment to customer experience and operational excellence. This latest funding round underscores investor confidence in Loomis's established market position and its ongoing efforts to provide essential infrastructure for efficient societal payment flows. While specific deployment details were not disclosed, Loomis plans to use the newly acquired capital to enhance its technological resources, further improve business efficiency, and expand its global footprint. The investment is expected to bolster the company’s capacity to innovate and meet evolving market demands. Loomis aims to continue its trajectory as a leading sustainable business partner in the industry, focusing on reducing environmental impact, being a responsible employer, and contributing positively to the communities it serves.