Dallas-based electronic payments provider Finical has been acquired by Nashville-based Celero Commerce, a top 10 U.S. non-bank payment processor.
Celero said that with the addition of Dallas-based Finical, it will process roughly $25 billion in annual card volume. No financial details of the acquisition were released.
“Finical and Celero share a common goal of providing the best technology, services and support to small and mid-sized businesses,” Finical founder Aaron Nasseh said in a statement. “Joining forces with Celero is an exciting step for us as the combination will enable our team members and customers to grow through innovation and customer-centric solutions.”
Founded in 2012, Finical provides small and medium-sized businesses with tailored payments solutions and superior customer support. This is Celero’s 10th acquisition since it launched in late 2018.
“We established Celero to deliver a proprietary suite of software and payments solutions to small and mid-sized businesses,” Celero founder and Chief Executive Officer Kevin Jones said in a statement. “The addition of the Finical team complements our capabilities in a way that will allow us to better serve our customers. We are excited to welcome the Finical team to the Celero family.”
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