Integrum, an investment firm focused on partnering with technology-enabled services companies, has completed the sale of MerchantE, an end-to-end payments and commerce platform, to Opn, the one-stop payments solutions company from Japan and Southeast Asia.
According to sources the sale price is $375 million.
MerchantE serves the complex needs of mid-market B2B customers through unique integrations and end-to-end payment processing capabilities. The combined company processed over $19 billion in payments volume for over 20,000 businesses in 2022, making it a top 25 provider of payment processing in the US.
During Integrum’s ownership, substantial progress was made toward achieving the strategic and operational goals for the business, including (i) successfully sourcing and integrating a new and highly experienced leadership team, (ii) reorienting the Company’s go-to-market strategy, and (iii) refocusing technology investment to further MerchantE’s differentiation with key integrated software partners, deliver on enhancements to the overall customer experience, and improve critical product functionality.
