Event ticketing platform chooses Hyperwallet as payout partner ahead of worldwide expansion.
San Francisco, California – Hyperwallet, a leading global outbound payments provider to the new economy, today announced that it has signed a deal with Universe, an event promotion platform and wholly owned subsidiary of Live Nation Entertainment Inc. Hyperwallet will conduct payouts to Universe’s growing base of ticketing agents in over 75 countries, equipping the company with the financial infrastructure necessary to rapidly expand into additional global markets.
“It was clear early on that Hyperwallet was the ideal payout partner for Universe,” said Craig Follett, Co-founder & CEO of Universe. “As we continue to expand our platform internationally, we need a payment provider who can grow seamlessly with us into new markets. When it comes to global reach, Hyperwallet really can’t be beat.”
Universe provides event ticketing software combined with advanced promotional and marketing tools, helping event organizers sell tickets online in over 600 cities around the world. The company will be using Hyperwallet’s payout technology to streamline their cross-border payout workflow and provide sellers with quick and reliable local bank deposits in more than 90+ countries. As part of their Hyperwallet solution, Universe will be able to automatically reduce currency conversion costs and deliver more value to their ticket seller. Universe recently expanded to the UK market with a new office in London.
“Universe is one of those companies that gets people excited about the new economy,” said Brent Warrington, Hyperwallet’s CEO. “Their platform is dedicated to empowering individual users with digital tools. With Hyperwallet’s payout technology, they will now be able to onboard and pay sellers faster and in a more frictionless manner.”