- 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.
Celero Commerce Acquires Precision Payments to Expand SME Payment Solutions
