Corsair, a leading private equity firm targeting services, software, and payments investments in the financial services market, today announced that it has acquired a majority stake in Aurora Payments (“Aurora” or “the Company”), a full-service payment solutions provider for small and medium sized businesses (SMBs) across a variety of industries.
Founded in 2005, Aurora offers a one-stop-shop solution for partners and merchants seeking to accept and receive electronic payments. Aurora’s bundled offering provides merchants with a wide range of products, services, customer technology, and support capabilities, including point of sale (POS) equipment, transaction processing services, and the ability to transfer funds between banks and merchants. Aurora’s growing suite of technology solutions includes Rise, a proprietary end-to-end enterprise operating system with in-house CRM solutions, merchant-facing transaction processing applications, and a business intelligence-infused platform that enhances the merchant experience and generates real-time analytics.
Corsair will leverage its deep payments expertise to support the Company as it seeks to accelerate organic growth, enhance product and technology offerings, and continue building on a history of successful acquisitions. The transaction builds on Corsair’s significant experience investing in and supporting growth at payments companies, including REPAY, TreviPay, and Currencies Direct. Brian Goudie, Chief Executive Officer of Aurora, will continue to lead the Company and remain a shareholder.
“We’re thrilled to enter this next chapter with a trusted, long-term and growth-oriented partner like Corsair,” Goudie said. “With Corsair’s proven sector expertise, significant resources and relationship-driven approach, we are confident that we will be able to accelerate the growth of our business, further enhance our solutions and go-to-market strategy and support more clients with efficient and effective payment and technology solutions.”