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Paysafe partners with Celero Commerce in US market
Feb 27, 2020
Paysafe to support integrated eCommerce solutions provider’s diversification to serve highly regulated US industries
Houston, Texas – Paysafe, a leading specialized payments platform, has partnered with Celero Commerce, a vertically focused, integrated commerce solutions provider headquartered in Nashville, Tennessee. Under the partnership, Paysafe will support Celero Commerce’s independent sales organizations (ISOs) as they expand into highly regulated online commerce verticals.
The new partnership with Celero Commerce, which was founded in 2018 and currently serves approximately 25,000 American merchants, builds on Paysafe’s more than 20-year history of helping US-focused ISOs grow and diversify their payment portfolios. Celero Commerce-owned ISOs – including UMS Banking, which was acquired in Q4 2018, as well as Elmhurst Financial Services and Tandem Innovative Payments Solutions, both acquired in Q2 2019 – will now benefit from Paysafe’s experience tailoring payments solutions for ISOs to enter and succeed in niche eCommerce verticals.
Paysafe will provide Celero Commerce’s ISO portfolio and its more than 150 financial institution partners with robust know your customer (KYC) and risk management processes, underwriting, streamlined onboarding, and payment processing through Paysafe’s state-of-the-art proprietary and third-party payment gateways.
O.B. Rawls, CEO of Global Payment Processing at Paysafe, said: “We’re confident that our specialization in the verticals in which Celero operates, combined with our wider experience in card-not-present payments in the US market, will lead to strong revenue growth and an enduring business relationship.”
Kevin Jones, CEO of Celero Commerce, commented: “We are excited to partner with Paysafe to start our Strategic Acquiring Channel. Our financial institution partners value every customer relationship, and this platform will enable us to support them even more.”
Paysafe is a leading specialized payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, card issuing and online cash solutions.
With over 20 years of online payment experience, an annualized transactional volume of over US $85 billion, and approximately 3,000 employees located in 12+ global locations, Paysafe connects businesses and consumers across 200 payment types in over 40 currencies around the world.
Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Visit us at www.paysafe.com
Follow Paysafe on Twitter / LinkedIn / Paysafe Insights
About Celero Commerce
Based in Nashville, Celero Commerce is a full-service, integrated electronic commerce solutions provider powered by leading edge technology, strategic partnerships, and business intelligence, all moving at the speed of modern business. Celero offers payment processing services, business management software, and data intelligence to small and medium-sized businesses, empowering them to drive growth and profitability.
Visit Celero Commerce at: www.celerocommerce.com
For further information, please contact:
Nick Say: Manager, Corporate Communications, North America, Paysafe Group
T: +1-514 849-8595 / Nick.Say@Paysafe.com