Integrum, an investment firm focused on partnering with technology-enabled services companies, is to acquire MerchantE (ME), an end-to-end payment platform offering flexible and secure payment processing, from Cielo, one of the world’s largest payments companies.
Headquartered in Alpharetta, Georgia, MerchantE is a leading payments and commerce solutions provider serving the complex needs of mid-market B2B customers. The Company is a full-stack payments platform with front and back-end processing capabilities and direct connectivity to the major card brands. ME processes over USD17 billion in payments volume across 13,000 merchants, making it a ‘Top 25’ provider of payment processing in the US.
The opportunity to invest in in MerchantE arose through Integrum’s industry relationship network and was a result of the firm’s reputation as a leading investor in the payments sector. Integrum team members have been actively involved for decades as investors, operators and board members of some of the world’s leading payments platforms, including First Data (now Fiserv), American Express, Uber and Veon Ltd.