Payments & Fintech Acquisitions in Virginia

Evolv, a payment acceptance solutions provider headquartered in Newburgh, Indiana, has acquired Virginia-based EnzoPay and will rebrand the business as Evolv Mid-Atlantic. The deal strengthens Evolv's distribution network and expands its presence and capabilities across the Mid-Atlantic (Virginia, DC, Maryland, New Jersey).

Corpay (NYSE: CPAY) has agreed to acquire Paymerang, a Richmond, Virginia-based provider of accounts payable automation and payment solutions, from Aldrich Capital Partners. The acquisition expands Corpay's B2B payments and AP automation capabilities across education, healthcare, hospitality, and manufacturing end markets; the deal is expected to close in Q2 2024 subject to regulatory approvals.

Bottomline has acquired Nexus Systems, a provider of accounts payable and payments automation software for the real estate and property management industries. The deal—from prior investor Mainsail Partners—will fold Nexus capabilities and suppliers into Bottomline's Paymode‑X network to extend procure‑to‑pay and B2B payments capabilities across the real estate vertical; terms were not disclosed.

Amount, a Chicago-based banking technology provider, has acquired Linear Financial Technologies to expand its small business and loan origination capabilities. Linear will rebrand as Amount Small Business, with Linear CEO Sam Graziano joining Amount's executive team to lead the unit and the combined business operating roughly 600 employees across several U.S. offices.