Payment Nerds, a merchant services and payment processing company, secured a $2 million credit facility from Espresso Capital, providing additional capital to support the company’s continued growth and expansion.
The financing will enable Payment Nerds to accelerate investments across its sales organization, technology infrastructure, strategic partnerships and merchant services capabilities as the company expands its reach across the payments industry.
“We built Payment Nerds with a clear vision for what modern merchant services should look like — more flexible, more technology-driven, and more aligned with the needs of the businesses we serve,” Shawn Silver, founder and CEO of Payment Nerds, said. “This partnership with Espresso Capital gives us additional capital and flexibility to invest in the business at an important stage of our growth. We’re focused on expanding our team, strengthening our technology and infrastructure, and continuing to build a company that can scale alongside our merchants and partners.”
The non-dilutive credit facility gives Payment Nerds additional financial flexibility to pursue growth initiatives while preserving the company’s existing equity structure. The capital is expected to support continued expansion of the company’s sales and marketing efforts, technology and integration capabilities, and strategic hiring.
The financing also comes as Payment Nerds continues to strengthen its leadership team and expand its capabilities across specialized merchant segments. The company recently appointed Jacob Martin as vice president of sales, bringing more than 10 years of payments and merchant services experience to the organization, and promoted Trae Holthouse to sales manager as part of its continued investment in sales leadership and team development.
“Securing this facility is an important milestone for Payment Nerds, but more importantly, it gives us the flexibility to keep executing on the opportunities in front of us,” Silver said. “We have a lot of work ahead of us, and we’re excited about where we’re going.”
