Talus Pay, a provider of payment processing solutions, has recently acquired two notable companies: Jobox.ai and Clarus Merchant Services.
Jobox.ai, a FinTech innovator, is known for its services in the home services sector, while Clarus Merchant Services stands out as a leading provider of integrated B2B payment solutions.
This strategic acquisition by Talus Pay, valued at over $9bn in annual payments and serving more than 22,000 merchant customers in the U.S., aims to enhance growth in the home and facility services sector. Additionally, Talus Pay plans to extend Jobox’s technology across various core industry verticals, including auto repair, beauty, hospitality, and more. Talus Pay is part of the A&M Capital Partners portfolio, though the financial specifics of the deal remain undisclosed.
Delving into the specifics, Talus Pay is renowned for its efficient payment processing solutions, catering primarily to small and mid-sized merchants. With its comprehensive technology infrastructure, Talus Pay has been making significant strides in the FinTech sector.
Jobox.ai revolutionizes the home services industry with its unique mobile app, offering features like job matching, scheduling, payments, customer communication, and inventory management. This comprehensive approach aids small business owners in the U.S. to enhance service quality and customer relationships. Jobox’s modular, open-source architecture is set for expansion, leveraging Talus Pay’s channels.
Clarus Merchant Services, on the other hand, brings its expertise in various B2B verticals, credit unions, and distribution groups. Known for its customer care, competitive pricing, and top-notch cardholder security, Clarus aligns well with Talus Pay’s objectives.
Noteworthy is the integration of leadership from the acquired companies into Talus Pay. Eric Pottebaum, President of Clarus, joins as the General Manager of the Clarus portfolio. Shay Bloch, co-founder, and CEO of Jobox, has been appointed as Chief Strategy Officer, while Kaushik Pendurthi, also from Jobox, steps in as Chief Technology Officer.
This acquisition was facilitated by MAPP Advisors for Clarus, and legal advisement was provided by Winston & Strawn LLP, IceMiller LLP, and Corvino Law for Talus Pay.
“Talus Pay is excited to welcome both Jobox and Clarus to our team,” said Kim Fitzsimmons, CEO of Talus Pay. “With this expansion, we reinforce our end-to-end technology infrastructure, sales, and service platforms,” she added. Shay Bloch commented, “Joining forces with Talus Pay accelerates our market share in the home services end market and opens new market verticals.” Eric Pottebaum of Clarus expressed enthusiasm about the synergy and future innovative solutions.
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