Tracked deals
6
6 tracked deals across 2021-2026.
Payments & Fintech Buyers & Acquisitions in North Carolina
Buyer mix
Strategic-led
5 strategic · 2 pe
Top trend
Volume peaked in 2021
2 tracked deals announced in 2021.
Primary Insight
What Stands Out
- PayBright invested in Material to connect hardware, software, and payments for independent retailers, positioning Material as a preferred POS solution.
- Juniper Square acquired Tenor Digital, integrating AI-enabled private credit loan servicing, reporting, and reconciliation tools into its fund administration and platform.
- Improving Payments acquired American Spirit Processing, bringing bail, bond, and legal payments expertise into a merchant-focused payments platform.
- Payroc WorldAccess, LLC (Payroc) acquired Atlantic Merchant Services, extending its merchant relationships, sales partner network, and payment technology reach.
- Persistent Systems acquired Software Corporation International (SCI) and Fusion360, expanding its cloud and payments capabilities with payments domain expertise and IBM FTM application capabilities.
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Apollo Global Management | 1 | Global alternative investment manager offering private eq... | PE |
| Improving Payments | 1 | Payment solutions consultancy that streamlines merchant p... | Strategic |
| Juniper Square | 1 | Provider of connected fund administration software, data,... | Strategic |
| PayBright | 1 | Merchant services provider offering payment solutions to ... | Strategic |
| Payroc WorldAccess, LLC | 1 | Global merchant acquirer and payment processor offering p... | Strategic (PE-backed) |
| Persistent Systems | 1 | Global digital engineering and enterprise modernization s... | Strategic |
| Spartan Acquisition Corp. II | 1 | A publicly-traded special purpose acquisition company foc... | PE |
Acquisition Volume in Payments & Fintech in North Carolina by Year
Last 5 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- PayBright
- Target
- Material
- Industry
- Payments & Fintech
- Location
- North Carolina, United States
- Type
- Growth capital
PayBright announced a strategic investment in Material, a platform that combines hardware, software, and payments for independent retailers. The partnership makes Material PayBright’s preferred POS solution for retail and aims to enhance in-store and online shopping experiences for merchants.
-
- Buyer
- Juniper Square
- Target
- Tenor Digital
- Industry
- Payments & Fintech
- Location
- North Carolina, United States
- Type
- Buyout
Juniper Square has acquired Tenor Digital, an AI-enabled platform for private credit lenders and loan administrators, to integrate Tenor’s loan servicing, reporting, and reconciliation tools into Juniper Square’s fund administration and JunieAI platform. The deal expands Juniper Square’s capabilities and market reach into the fast-growing private credit sector and brings Tenor’s founding team, including CEO Tony Chung, into Juniper Square leadership.
-
February 6, 2024
- Buyer
- Improving Payments
- Target
- American Spirit Processing
- Industry
- Payments & Fintech
- Location
- North Carolina, United States
- Type
- Buyout
Improving Payments has acquired American Spirit Processing in a deal orchestrated by 733Park. The acquisition brings American Spirit's bail, bond and legal payments expertise into Improving Payments' merchant-focused payments platform to broaden capabilities and service verticals.
-
May 10, 2023
- Buyer
- Payroc WorldAccess, LLC (Payroc)
- Target
- Atlantic Merchant Services, LLC
- Seller
- Jerry Savage, Bill Baker
- Industry
- Payments & Fintech
- Location
- North Carolina, United States
- Type
- Buyout
Payroc WorldAccess, LLC (Payroc) has acquired Raleigh-based Atlantic Merchant Services, a full-service merchant payment processor serving the mid-Atlantic and beyond. The deal expands Payroc's merchant relationships, sales partner network and payment technology reach while allowing Atlantic Merchant's team to access Payroc's in-house processing and global capabilities.
-
September 29, 2021
- Buyer
- Persistent Systems
- Target
- Software Corporation International (SCI), Fusion360
- Industry
- Payments & Fintech
- Location
- North Carolina, United States
- Type
- Buyout
Persistent Systems acquired Software Corporation International (SCI) and its affiliate Fusion360, adding a dedicated payments business unit and expanding its cloud and payments capabilities. The deal brings deep payments domain expertise and IBM Financial Transaction Manager (FTM) application capabilities into Persistent's global digital engineering and enterprise modernization services.
-
- Buyer
- Spartan Acquisition Corp. II, Apollo Global Management (affiliate / sponsor)
- Target
- Sunlight Financial (Sunlight Financial LLC / Sunlight Financial Holdings Inc.)
- Industry
- Payments & Fintech
- Location
- North Carolina, United States
- Type
- Recapitalization
Sunlight Financial closed its previously announced business combination with Spartan Acquisition Corp. II, creating Sunlight Financial Holdings Inc., which will begin trading on the NYSE under the ticker SUNL. The transaction was supported by Spartan's cash-in-trust and a $250 million PIPE from institutional and accredited investors; Spartan is sponsored by funds managed by an affiliate of Apollo Global Management.
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Frequently Asked Questions
Which companies are the most recurring buyers in North Carolina payments and fintech deals?
Notable recurring buyer names in these transactions include PayBright, Improving Payments, Payroc WorldAccess, LLC (Payroc), Persistent Systems, and Juniper Square.
What kinds of targets show up most often in these North Carolina transactions?
Targets include retail payments and POS platforms (e.g., Material), merchant payment processors (e.g., Atlantic Merchant Services), and payments-adjacent software for specialized lending operations (e.g., Tenor Digital).
How do these deals typically expand capabilities for the buyer?
Many deals emphasize integration of tools and expertise—such as combining payments platforms with retail POS, adding loan servicing/reporting features to fund administration, or bringing processing technology and merchant relationships under a larger payments platform.
Do any deals involve public-market style financing structures?
Yes. Sunlight Financial completed a business combination with Spartan Acquisition Corp. II, supported by cash-in-trust and a $250 million PIPE; Spartan is sponsored by funds managed by an affiliate of Apollo Global Management.
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