Fattmerchant attracts $5.5M

Payment technology provider Fattmerchant has attracted $5.5 million in additional funding led by Fulcrum Equity Partners.

The funds are earmarked for partnership development, expansion and technology improvement.

“As the demand for streamlined fin-tech payment services continues to increase, Fattmerchant has been modernizing omnichannel integrated payments to merchants for the past few years,” Fulcrum Equity Partners’ Jim Douglass said.

Fulcrum Equity Partners’ Jim Douglass

“Our goal is to work with innovators that can not only build great technology to change up an important industry but manage the logistics to do it well. We look forward to seeing Fattmerchant continue to grow on a national level.”

Fattmerchant also reached $1 billion in transactional volume.

“Both our funding and newest milestone announcements exemplify Fattmerchant’s mission to improve the payments experience for businesses everywhere,” Fattmerchant founder and CEO Suneera Madhani said.

“Our team is extremely proud of our accomplishments and looks forward to continuing to raise the bar of merchant processing success and accountability by offering omnichannel integrated payments to businesses of all sizes.”