Integrum, an investment firm focused on partnering with technology-enabled services companies, today announced it completed the sale of MerchantE (the “Company”), a leading end-to-end payments and commerce platform, to Opn, the one-stop payments solutions company from Japan and Southeast Asia.
Headquartered in Alpharetta, Georgia, MerchantE serves the complex needs of mid-market B2B customers through unique integrations and end-to-end payment processing capabilities. The combined company processed over $19 billion in payments volume for over 20,000 businesses in 2022, making it a top 25 provider of payment processing in the U.S.
During Integrum’s ownership, substantial progress was made toward achieving the strategic and operational goals for the business, including (i) successfully sourcing and integrating a new and highly experienced leadership team, (ii) reorienting the Company’s go-to-market strategy, and (iii) refocusing technology investment to further MerchantE’s differentiation with key integrated software partners, deliver on enhancements to the overall customer experience, and improve critical product functionality.
Given current market conditions and having made substantial progress against our value creation plan, we determined that this is the right time to exit our investment in MerchantE.
– Ursula Burns & Tagar Olson
“While we continue to see tremendous opportunity to continue building and growing the MerchantE platform, we and our management team partners believe that joining with Opn presents a compelling opportunity to accelerate the Company’s growth and realize unique synergies,” said Integrum co-founders Ursula Burns and Tagar Olson. “Given current market conditions and having made substantial progress against our value creation plan, we determined that this is the right time to exit our investment in MerchantE.”