Valor PayTech (“Valor”, or “Company”), a leading innovator in point-of-sale software and payment technology, announced a strategic investment from funds managed by Lovell Minnick Partners (“LMP”), a private equity firm focused on investments in financial services, business services, and financial technology companies.
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The transaction represents the first institutional capital raised by Valor and signals the beginning of a new chapter for the fast-growing fintech firm. With LMP’s investment and operational support, this partnership will empower Valor’s merchants, independent software vendors (ISVs), independent sales organizations (ISOs), and channel partners with enhanced capabilities, greater efficiency, and a more seamless payments experience.
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Founded in 2020 with offices in Jericho, New York and Chennai, India, Valor has quickly become a disruptive force in the payments space. The Company’s ecosystem includes its Gateway, Virtual Terminal, Valor Pay Mobile App, Valor CRM, Valor Updater, Engage My Customer, and a range of smart terminal solutions that serve a diverse array of business needs. Through its robust set of APIs, Valor enables more than 400 strategic partners to easily integrate with the platform and deliver value-added services to the nearly 300,000 merchants who rely on Valor to securely and efficiently process payments.
“This new chapter with LMP opens up exciting opportunities for us to make strategic investments and acquisitions that will further strengthen our ecosystem,” said Eric Bernstein, CEO of Valor. “I’m proud to continue leading Valor with the same culture and vision that brought us here, now with added capital, strategic insight, and an aligned financial partner in LMP that believes in our mission. Together, we are well-positioned to drive even greater impact across the payments market.”
As part of the transaction, Eric Bernstein will continue in his role as CEO of Valor and will work closely with LMP to scale the Company’s operations, accelerate innovation, and explore strategic expansion opportunities while maintaining the Company’s independence and entrepreneurial culture.
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“Valor’s ability to innovate quickly and serve a dynamic and diverse customer base makes it a standout company in the fintech space,” said Spencer Hurst, Principal at LMP. “We are excited to partner with the entire Valor team to support their next phase of growth.”
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Source: businesswire