Tempe and Las Vegas, the U.S-based payment technology company, Aurora Payments, acquired fintech company One Payment. The company announced the purchase on September 08, 2022. However, the financial details of the transaction remain undisclosed.
Purpose of acquisition by Aurora Payments
The recent acquisition of One Payment will aid in scaling Aurora. Moreover, Aurora intends to expand with One Payment’s East Coast presence.
Further, the extraordinary success of One Payments in selling into a traditionally difficult-to-penetrate market will diversify Aurora’s distribution channels. Henceforth, Aurora can expand its go-to-market capabilities with diversification.
On the other hand, One Payment seeks to expand its distribution by leveraging Aurora’s full-service payment ecosystem and proprietary technology.
What the Aurora CEO has to say
Aurora Payments CEO Brian Goudie said, “The incredible year-over-year growth that One Payment has enjoyed has our team ecstatic about this acquisition. One Payment adds significant value to Aurora with its roots on the East coast and accelerates our diversified go-to-market strategy.”
What the co-founder of One Payment has to add
Luis Requejo, the co-founder of One Payment, said, “Over the past 14 years working in the payments space, I have met few transformative people like Brian Goudie who can shape the outlook of an organization and be a positive influence for good. Since 2016, Brian has been instrumental in our success, and he is the visionary we want to help propel One Payment through the next stage of our company’s growth. One Payment is proud to “Rise with Aurora” as we pave a new path for our business, employees, and merchants.”
About One Payments
One Payments is a Florida, U.S-based fintech payment company. Luis Requejo and Jorge Calzadilla are the co-founders of the company, launched in 2009. One Payment boasts more than 6,000 merchants in its portfolio. It focuses on minority-owned small and medium-sized businesses. The company processes a USD 1 billion volume of transactions annually. The fintech platform emphasizes payment technology as well as processing for quick service restaurants, retailers, and service industries.
About Aurora Payments
In 2018, the company was brought into existence. Aurora Payments operates as a financial service provider. Earlier this year, Corsair Capital acquired the U.S-based payment technology company. Brian Goudie leads the company as its CEO.
Aurora has more than 27,000 merchants in its portfolio. The company, including its recent acquisition, can now process USD 12 billion in the annual volume of transactions.
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