Greater Sum Ventures completed the acquisition of a majority stake in Fattmerchant from Fulcrum Equity Partners.

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.