Group of Industry Pioneers set to Deliver
Cutting-Edge Solutions Across the Globe Through
Aggressive Expansion into new Verticals
TORONTO, July 16,
2024 /PRNewswire/ - Merrco Payments (Merrco), a
leader in e-commerce and point of sale payment solutions for
licensed and regulated industries in Canada, is pleased to announce its new
management team led by Joel Leonoff.
The group of pioneers who founded Optimal Payments (later re-named
Paysafe Group) are eager to return to the payment processing
industry following the privatization of the business in 2017 for
US$3.9B and its subsequent IPO in
2021 for US$9B. With decades of
experience revolutionizing global e-commerce and payment
processing, they are set to embark on a new venture with their
strategic investment in Merrco rebranded as KORT Payments, which is
well-capitalized and positioned for exponential growth.
"Merrco has tremendous market potential, and we are excited to
build upon its strong foundation. To reflect this next chapter, the
parent company is being rebranded as KORT Payments (KORT), which
will focus on exploring strategic M&A opportunities and
expediting growth into various verticals and new geographies," said
Joel Leonoff, Chairman and CEO of
KORT. Leonoff added, "The Merrco brand and its suite of
specialized products remain a critical part of the KORT family and
with our additional resources we will continue to invest and grow
in licensed and regulated industries."
With its robust enterprise-grade platform, KORT will offer
omni-channel integrated and e-commerce payment solutions and will
focus on building out the appropriate products and technology
platforms with a focus on the US and European markets to support
its aggressive growth plans.
KORT's new management team, boasting over 200 years of
collective experience in global e-commerce and payment processing,
is well-equipped to lead the company's transformative journey. With
a history of leveraging technology and building tailored offerings
that exceed customer expectations, they are poised to elevate KORT
to new heights globally. To expedite the process, they have already
begun tapping into their vast network of technology partners,
salespeople, independent sales organizations (ISOs), bank partners,
resellers, and brokers. The company's client-centric,
solution-oriented approach is also attracting top talent and new
partners, setting the stage for accelerated growth.
About KORT Payments
Founded in 2016, Merrco Payments (Merrco) is a leader in
e-commerce and point of sale payment solutions for licensed and
regulated industries in Canada.
Merrco simplifies and secures payment transactions, utilizing
advanced security protocols to safeguard sensitive data and ensure
compliance with industry regulations. Its solutions are compatible
with a wide range of existing systems, ensuring a streamlined
payment processing experience. Merrco offers an array of payment
options tailored to meet the unique needs of regulated industries,
enabling clients to focus on business growth. In 2024, Merrco's
parent company was rebranded as KORT Payments, and is focused on
strategic M&A and expanding the company's reach to further
innovate and grow in the global e-commerce and payment processing
market.
For more information about KORT Payments, please visit
www.kortpayments.com.
For more information about Merrco Payments, please visit
www.merrco.com.
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SOURCE MERRCO PAYMENTS