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FiServ
Fiserv has secured the number five position in FinTech Magazine’s Top 100 FinTech Companies list, cementing its status as a central infrastructure provider in the financial technology sector.
The Milwaukee-based company operates at the intersection of banking and commerce, serving merchants and financial institutions through its portfolio of payment processing, digital banking solutions and point-of-sale technologies.
The company reported revenue of US$5.20bn in the second quarter of 2025, marking an 8% increase from the previous year period.
Additionally, the company reports a 7% revenue increase in the first six months of 2025, bringing the current total to US$9.98bn.
Leadership transition and strategic direction
Mike Lyons assumed the role of CEO on 6 May 2025, succeeding Frank Bisignano, who departed to become Commissioner of the Social Security Administration.
Mike joined Fiserv from PNC Financial Services Group, where he served as president and played a role in strategic acquisitions including BBVA USA in 2021.
He brings three decades of financial services experience, including leadership positions at Bank of America.
“For more than 40 years, Fiserv has been a transformative force in financial technology driven by innovation and deep commitment to delivering best-in-class technology, value-added advice and service to our clients,” Mike said at the time of the appointment.
“I am proud to lead an organisation that provides exceptional solutions to financial institutions, merchants, and communities of all sizes whilst driving growth and long-term value for our shareholders.”
Mike has indicated no plans to alter the company’s strategy. During his transition period, he participated in client meetings and worked alongside Bisignano to maintain operational continuity.
Frank described Mike as someone who understands the business deeply through his prior role as a client, having operated 92 Fiserv products whilst at PNC.
Clover expansion drives merchant solutions growth
The company’s Clover point-of-sale platform represents a focal point for growth, with a 30% growth in revenue in the second quarter of 2025.
Clover generated US$310bn in annualised gross payment volume in the first quarter of 2025. Fiserv has set a target of US$4.5bn in Clover revenues by 2026.
To support this trajectory, Fiserv has pursued acquisitions across multiple geographies.
In March 2025, the company acquired CCV Group, a Netherlands-based payment solutions provider serving 600,000 businesses across the Netherlands, Belgium and Germany.
“The addition of CCV enables Fiserv to accelerate the deployment of our Clover platform and operating system, providing enhanced capabilities and innovation to our clients across Europe,” said Katia Karpova, Head of the EMEA region at Fiserv.
The company has launched Clover in Brazil, Mexico, Australia, Singapore and Hong Kong, expanding beyond its initial markets in Argentina, the UK, Ireland, Germany and the Netherlands.
Earlier this year, Fiserv acquired CardFree to enhance Clover’s hospitality capabilities, integrating drive-through software, kiosk enablement and loyalty programme support.
Additional acquisitions completed in 2025 include Payfare, a Canadian provider of instant payout and digital banking solutions for the contractor workforce, and Pinch Payments, an Australian payment facilitator.
The company also acquired Money Money Serviços Financeiros, a Brazilian fintech enabling working capital access for small businesses, and Smith Consulting Group, a Florida-based technology consulting firm serving community banks and credit unions.
Fiserv’s merchant acquiring capabilities, core banking systems, digital payment networksand account-to-account money movement services create what the company describes as an ecosystem enabling clients to transform operations and grow their businesses.
With operations spanning account processing, digital banking, card issuer processing, e-commerce, merchant acquiring and the Clover platform, Fiserv maintains a position as infrastructure provider to the financial services sector.
The company’s 2025 performance through the first half of the year showed 8% organic revenue growth and 16% adjusted earnings per share growth, with management refining full-year guidance to approximately 10% organic revenue growth.
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