- Acquisition Announcement: US fintech Celero Commerce has acquired Precision Payments, a payment solutions provider for SMEs, to broaden its offerings and enhance its retail industry presence.
- Expanded Capabilities: Precision Payments, founded in 2009, specializes in Point-of-Sale (POS) systems, credit card processing, and cash discount programs. Its integration will boost Celero’s ability to support businesses with advanced payment solutions.
- Growth Potential: With this acquisition, Celero expects its annual card processing volume across North America to exceed $28 billion, solidifying its market leadership.
- Customer Benefits: Precision Payments’ clients will now access Celero’s broader suite of business management tools, payment processing services, and data intelligence to support their growth.
- Strategic Moves: This deal follows Celero’s 2022 acquisition of Community Bankers Merchant Services, further cementing its strategy to lead in electronic transaction processing for SMEs and regional banks.
