Fattmerchant Closes $1.4M Funding Round to Advance Merchant Processing Technology and Customer Acquisition
Summary
"Fattmerchant has built solid relationships with its customers and brought game-changing technology to merchant processing, making it an easy decision to increase our investment in the company," said Richard Licursi of venVelo. These new developments allow Fattmerchant to expand their reach and continue to help small and medium-sized businesses across the nation improve their efficiency and save thousands on credit card processing costs. "After watching the growth of Fattmerchant skyrocket throughout this the past year, I could not pass up the opportunity to invest in such a forward thinking company," said Phil Rawlins, Founder and President of the Orlando City Soccer Club. "With this new round of capital, we will continue to grow our product portfolio and customer base and put significant savings back to every business owner across the nation." Suneera Madhani, CEO of Fattmerchant, founded the company in 2014 after working in the credit card processing industry for four years, wanting to create and sell a product that was transparent and provided value to the everyday business owner.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
