From: Celero Commerce
from: Acquisition Announcement

Acquisition of rapidly growing payments provider strengthens Celero Commerce’s commitment to merchants nationwide

Nashville, TN and Boca Raton, FL – April 7, 2020 – Celero Commerce (“Celero”), a vertically-focused commerce solutions provider, today announced the acquisition of FlashBanc, a leading provider of electronic payments technology and loyalty solutions.

The acquisition builds upon Celero’s existing strategy of providing industry-leading payment processing, business management software, data insights, and customer support to SMB customers. Following the addition of FlashBanc, Celero will serve approximately 28,000 merchants and process approximately $10 billion in annual payment volume, with more than 100 employees in seven offices across the U.S.

“We are excited to join the Celero Commerce family,” said Michael Gross, CEO and Founder of FlashBanc. “Our team is attracted to Celero’s culture and vision as a leader in payments and we are thrilled to have access to their suite of technology solutions to continue to deliver market leading service and support for our customer base. With Celero, our team members will be empowered to help our customers grow by simplifying the acceptance of electronic transactions, providing vertically focused product and technology bundles, and enabling powerful loyalty and social marketing tools.”

“Partnering with Michael and the FlashBanc team presents a great opportunity. FlashBanc has a history of providing solutions focused on helping customers grow. In this unprecedented environment, the acquisition of FlashBanc underscores Celero’s commitment to SMB merchants across the U.S.” said Kevin Jones, CEO of Celero.

As part of this transaction, Celero will maintain operations out of both FlashBanc’s Boca Raton, FL, headquarters and its San Francisco area office.

submitted by: Scott Farace