Payment Nerds Secures $2 Million to Scale Merchant Services
Nashville-based Payment Nerds has locked in a $2 million non-dilutive credit facility from Espresso Capital, providing the merchant services provider with the financial runway to aggressively expand its sales organization and technology infrastructure without sacrificing existing equity.
Founder and CEO Shawn Silver launched the company to modernize merchant processing, prioritizing flexible, technology-driven solutions for retail and e-commerce clients. The new capital injection arrives at a pivotal scaling phase, allowing the firm to double down on strategic partnerships and specialized market segments. Silver noted that the facility offers the necessary agility to execute growth initiatives while maintaining the company’s current ownership structure.
This financing coincides with a broader push to solidify the company's internal leadership. Recent moves include the appointment of Jacob Martin as Vice President of Sales, who brings over a decade of industry expertise, and the promotion of Trae Holthouse to Sales Manager. These investments in personnel and infrastructure underscore the firm's objective to integrate more deeply with its merchant base as it expands its footprint across the payments landscape.
Comments (0)
No comments yet. Be the first!