Tidal Commerce, a payments processor, has collected $4m in strategic growth capital from Super G Capital.
The capital will be used to further consolidate the merchant experience by combing onboarding, business management, sales data, payment gateways, and other services into a single platform.
Moving forward, the company will further the development of its in-house payment software and will expand partnership programs for ISOs, credit unions and banks. The FinTech is planning to launch a merchant dashboard later in the year and will grow its integration capabilities into 2020 and beyond.
Tidal Commerce is a credit card processing and merchant services platform which helps large e-commerce companies, small restaurants and large merchants to support their business. Its products include e-commerce payment tools, physical credit card payment terminals, smart payment terminals and merchant lending solutions.
Tidal Commerce founder and CEO Drew Sementa said, “We average almost $1 billion in transaction volume annually and are currently servicing over a thousand merchants ranging from professional services to banks. We used our initial funding to spur merchant growth while strategically positioning ourselves to scale and now all the matches are set for that next spark.
“This new investment from Super G Capital will expand our in-houses software team and allow Tidal to dive deep into ISO and bank partnerships — let’s just say we couldn’t be more excited for what comes next.”
Last week, fellow payments processor SumUp closed its own investment round, netting €330m to support global expansion efforts. The company enables all-sized businesses to receive payments quickly, both in-store and online.
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