Search Results for "Priority Technology Holdings"
3 results for "Priority Technology Holdings"
Deals 3
Priority Technology Acquires Plastiq to Strengthen B2B Payment Platform
Priority Technology Holdings acquired Plastiq, a B2B payments firm, to expand its unified commerce platform for bill pay and working capital solutions. The deal enhances Priority's embedded B2B payment capabilities for SMEs and enterprises. Plastiq's bill pay technology complements Priority's existing merchant acquiring and payment facilitation business.
B2B Fintech Plastiq Files Bankruptcy, Enters Sale Deal With Priority Technology
B2B payments fintech Plastiq filed for bankruptcy on May 25, 2023, and simultaneously entered a sale agreement with Priority Technology Holdings. Plastiq had enabled businesses to make payments via credit card on invoices that typically required other payment methods. The deal marks a notable failure in the B2B embedded payments space.
Priority Technology Holdings to Acquire Finxera Creating Payments and BaaS Platform
Priority Technology Holdings (NASDAQ: PRTH) announced a definitive agreement to acquire Finxera Holdings, a Banking-as-a-Service platform provider. The combined entity targets pro forma 2021 revenue of ~$540 million and Adjusted EBITDA of ~$130 million. The deal merges Priority's payments technology with Finxera's BaaS capabilities for rapid banking integration, virtual banking, and e-wallets.