Reuven Cypers and his All-Star workforce at G.O.A.T. PAYMENTS to move up excessive threat/non-traditional service provider division

PORTLAND, Ore.–(BUSINESS WIRE)–May 19, 2020–

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Boom Commerce as we speak introduced that it has accomplished a strategic funding in G.O.A.T. Payments (“GP”) positioned in Westlake Village, CA. GP brings many years of expertise buying, underwriting and supporting greater threat, greater margin and non-traditional service provider classes that require white glove consideration and assist, much more so now in mild of the COVID-19 disaster. Reuven Cypers, Founder and CEO of GP, famous, “Many of our customers have international supply chains, future delivery models and operate in very public industries that have reputational and regulatory challenges. The entire G.O.A.T. team is impressed with the Boom Commerce family and we look forward to a long and meaningful relationship with Sabin Burrell and his team.” The workforce at GP is properly expert at managing these specialised forms of service provider relationships, using the corporate’s sturdy community of financial institution relationships which were cultivated through the years. GP was designed to be a boutique operation specializing in the harder to onboard retailers that garner greater margin returns.

Boom’s strategic funding in GP furthers its technique of constructing a various buyer base that has already performed a important function in insulating it from the unfavorable results of macroeconomic downturns like the present COVID-19 disaster. Sabin Burrell, CEO of Boom Commerce stated, “We couldn’t be happier with our partnership with G.O.A.T. Payments. The new banking relationships we have gained access to have already proven to be a game changer for Boom. We have expanded our ability to support large opportunities that have significant margin improvement over our traditional retail business. In the coming months, Boom will roll out our high risk and non-traditional merchant division that GP will quarterback. This gives our distribution partners access to several new banks and a greatly expanded credit matrix to further diversify our client base.”

About Boom Commerce

Boom Commerce is a number one supplier of fee processing and expertise options, serving to greater than 15,000 clients throughout the US. Through our multi-bank full service fee processing platform, we offer a complete suite of fee options to assist retailers and transaction forms of every kind, together with small and medium sized companies, giant enterprises and e-commerce. We market our services by a big and numerous community of distributors who we assist with expertise, experience and financing to make sure their development and success. We are additionally a number one participant within the funds trade acquisition area with a concentrate on strategic and synergistic acquisitions. Our mission is to simplify and streamline the funds expertise for our retailers and create an atmosphere during which our distribution and different trusted companions can thrive. Learn extra at boomcommerce.com.

About G.O.A.T. Payments

Reuven Cypers, Founder and CEO of G.O.A.T. Payments has spent 17 years cultivating his relationships with the perfect gamers within the funds area. With one of the vital balanced service provider portfolios within the funds trade, G.O.A.T. prides itself on sustaining a really wholesome e-book of each low threat accounts and accounts which are tougher to onboard. It has taken almost twenty years to assemble the G.O.A.T. workforce and we consider we have now the perfect strategic companions for each sort of service provider that should course of digital transactions. The workforce at G.O.A.T. is very skilled to find out the perfect processing platform and resolution tailor-made to the individualized wants of its purchasers by its community of over 25 banks and processors. We are very selective concerning the purchasers we carry on and that is mirrored in our trade low buyer attrition charges in each the low threat and high-risk sectors.

Strategic Investment Advances Boom Commerce’s Strategy to Broaden Its Sponsor Bank Relationships and Support a Much Broader Range of Higher Risk/Non-Traditional and Higher Margin Merchants

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John Hynes
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