Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee




Posted December 02, 2020

ORLANDO, Fla., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Entrepreneurial family office and growth equity firm Greater Sum Ventures (GSV) today announced its majority investment in Orlando-based integrated payment technology provider Fattmerchant.

The funding will provide additional capital that will enable Fattmerchant to increase its investment in innovation and accelerate its growth. The company will continue to be led by CEO Suneera Madhani, President Sal Rehmetullah, and the founding team.

Founded in 2014, Fattmerchant has experienced impressive growth in its Omni solution, a software platform offering businesses a unified commerce experience to manage their operations and facilitate omni-channel payment acceptance. The company’s newly launched Omni Connect offering provides independent software vendors (ISVs) the ability to integrate payments into their product offerings and operate as a payment facilitator via a single API, including bank sponsorship, merchant application and enrollment, risk management, settlement, and reporting and analytics.

“We’re gratified by GSV’s show of confidence and look forward to working with this experienced team to continue our explosive organic growth,” said Madhani. “Through Omni and Omni Connect, Fattmerchant offers clients and partners an unmatched set of capabilities and user experience that combines the best attributes of current providers with proprietary offerings.”

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