Electronic Merchant Systems (EMS), a Cleveland, OH-based service provider options and funds supplier, obtained a strategic majority funding from BharCap Companions, a Greenwich, CT based mostly personal funding agency centered on the monetary companies sector.
The funding allows the corporate to speed up development and improve its shopper service choices.
Led by Afshin Yazdian, who joined EMS as CEO and Government Chairman in 2023, EMS gives fee processing options for retail and eCommerce retailers. It gives complete instruments, from bank card processing and danger administration to gateways and digital terminals, gross sales software program, and net administration. Operations embody analysis and improvement, underwriting, gross sales, advertising, and end-to-end innovation. EMS additional leverages the companies of its subsidiaries, MaxxPay, Whole Contact, Paysley and PaymentCloud, to drive success for purchasers.
EMS processes roughly $6 Billion in transaction quantity for 25,000 retailers nationwide. Over 25,000 retail, web, and omnichannel clients nationwide use the agency’s various suite of recent fee options.
With BharCap’s funding and partnership, EMS expects to turn into an lively participant within the M&A market. In January 2024, EMS additional bolstered its distribution channels and considerably expanded its expertise stack by way of the acquisition of Los Angeles, California-based PaymentCloud.
EMS was beforehand majority-owned by Jim Weiland, who based the corporate in 1988. He’ll retain a minority possession stake in EMS and can stay on the EMS Board of Administrators post-transaction.
Together with BharCap’s funding, BharCap Working Companions and strategic advisors Raj Date and Karl Mehta will be a part of the EMS Board of Administrators alongside Bharath Srikrishnan, Ethan Wang, Jim Weiland and Afshin Yazdian.
FinSMEs
02/08/2024
