Payments & Fintech Acquisitions in Washington

Paramount Management Group has acquired Cypress Advantage, a Washington-based independent ATM service provider, adding roughly 7,500 machines to Paramount's network. The acquisition will expand Paramount's ATM footprint across the United States and provide Cypress' independent ATM deployer clients access to Paramount's purchasing power, product breadth and full-service support.

Cantaloupe, Inc. completed the acquisition of Cheq Lifestyle Technology, Inc. (CHEQ), a social payments and mobile ordering platform that serves sports teams, arenas, festivals and restaurants. The deal expands Cantaloupe's payments, POS and omnichannel ordering capabilities and extends its addressable market into stadiums, live events, hospitality and related venue operations.

Passiv, operator of the SnapTrade fintech API, has acquired social investing app Wealthly and hired its founder Terry Ma and his team. The acquisition brings Wealthly's account-aggregation integrations and engineering talent to accelerate development of Passiv's SnapTrade product and expand its technical IP.

Evolv, Inc. (via its Evolv St. Louis office) completed a capital investment and acquisition of 253 Payment Pros, a merchant services/ISO business based in Kirkland, Washington. The deal brings 253 Payment Pros' merchant base and independent sales network into Evolv's platform and will integrate Evolv's digital marketing solutions to drive revenue growth across the western United States.

Mad Mobile has acquired TableSafe, a mobile pay-at-the-table solution that enables EMV-certified and P2PE-compliant contactless and card payments. The acquisition expands Mad Mobile's restaurant mobility platform by adding in-table payment capabilities, analytics and access to TableSafe's restaurant customers.