Announced
Completed
Financials
Sources
Tags
United States
Single Bidder
Private
Payments / Commerce
Majority
Domestic
payment technology
Acquisition
Completed
Private Equity
Friendly
Venture Capital
Synopsis
Greater Sum Ventures, a growth equity firm, completed the acquisition of a majority stake in Fattmerchant, a payment technology provider, from Fulcrum Equity Partners, a growth equity firm. Financial terms were not disclosed. “This opportunity is a perfect fit for GSV as we have always concentrated on the intersection of software and payments. We believe this is a large growth market with independent software vendors increasingly focused on commercialising integrated payments as an ancillary revenue stream. Fattmerchant is a market leader in this category and is well-positioned to capitalise on the ongoing trend in software integrated payments,” Ross Croley, Greater Sum Ventures Founder and Managing Director.
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