Payments & Fintech Acquisitions in Texas
Texas Payments & Fintech M&A Highlights
Texas continues to attract a range of payments and fintech acquisition activity, spanning embedded payments, lending and underwriting, compliance tooling, and payment processing technology. Recent deals on this page connect strategic acquirers and private equity investors to operators focused on scaling platforms and expanding distribution.
Across transactions, buyers repeatedly target capabilities that improve how payments and credit are underwritten, authorized, secured, and delivered—whether that’s tokenization and orchestration, PCI compliance and risk management, or mobile commerce and omnichannel engagement. Several deals also emphasize growth plans such as product development, buy-and-build strategy, and geographic expansion within and from Texas.
The listed transactions include both larger platform acquisitions (e.g., Stripe acquiring Bridge) and transactions that deepen market presence (for example, Atlanticus Holdings Corporation acquiring Mercury Financial LLC) alongside strategic product integrations such as IXOPAY merging with Aperia Compliance.
What Stands Out
- Texas-based targets show up across multiple subsectors: near-prime credit card accounts, embedded payments, mobile commerce/payments, remittance/document processing, and PCI compliance/risk management.
- Recurring buyer types include strategic fintech platforms and payments infrastructure firms (e.g., Atlanticus Holdings Corporation, IXOPAY, PDI Technologies) as well as private equity investors (e.g., Serent Capital, Genstar Capital, Audax Private Equity).
- Integrations often focus on adding underwriting/risk capabilities and extending payment rails—from AI-driven cash-flow planning to enterprise tokenization/orchestration and PCI validation services.
- Several deals explicitly pair a Texas presence with planned expansion, including scaling products, accelerating M&A buy-and-build, or broadening global or vertical reach.
| Deal theme (examples) | What buyers sought |
|---|---|
| Embedded payments & platforms (e.g., Fortis, Mercury Financial LLC) | Product/technology development and market expansion |
| Compliance & security (e.g., Aperia Compliance) | PCI validation and payment security/risk tooling |
| Lending & underwriting support (e.g., 8fig) | Cash-flow planning/AI underwriting to support lending growth |
| Omnichannel commerce (e.g., P97 Networks) | Mobile commerce, loyalty, and payment engagement across devices |
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October 21, 2025
- Buyer
- Bizcap, NewCo Capital Group
- Target
- 8fig
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Bizcap, together with its U.S. affiliate NewCo Capital Group, has acquired fintech 8fig, integrating the AI-driven e‑commerce funding and planning platform into the Bizcap Group while preserving 8fig's brand and leadership. The deal strengthens Bizcap's AI underwriting and cash‑flow planning capabilities to accelerate product development and global expansion in SME non‑bank lending.
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September 12, 2025
- Buyer
- Atlanticus Holdings Corporation
- Target
- Mercury Financial LLC
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Atlanticus Holdings Corporation has acquired Mercury Financial LLC for approximately $162 million in cash (with potential earn-outs tied to future credit performance), making Mercury a wholly owned subsidiary. The deal adds 1.3 million serviced credit card accounts and $3.2 billion in receivables, expanding Atlanticus' presence in the near-prime credit card market and providing additional technology, distribution partnerships, and scale.
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August 5, 2025
- Buyer
- LLR Partners, Serent Capital
- Target
- ePayPolicy
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Growth capital
LLR Partners has made a strategic growth investment in ePayPolicy, joining existing investor Serent Capital to support the company’s next stage of product and go-to-market expansion. The capital will be used to accelerate product innovation, bolster sales and customer support, and continue organizational buildout to better serve insurance industry customers.
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April 1, 2025
- Buyer
- PDI Technologies
- Target
- P97 Networks
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
PDI Technologies has acquired P97 Networks, a Houston-based provider of a cloud-based mobile commerce, payment, and digital marketing platform serving convenience retail, fuel, and automotive markets. PDI plans to invest in and expand the P97 platform to broaden payment, loyalty, and omnichannel consumer engagement capabilities across connected devices and transportation networks.
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- Buyer
- Audax Private Equity, Lovell Minnick Partners
- Target
- Fortis
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Recapitalization
Audax Private Equity and existing investor Lovell Minnick Partners completed a joint recapitalization of Fortis, a Plano-based embedded payments technology provider, closing on March 11, 2025. The investment will fund product and technology development, accelerate Fortis' M&A (buy‑and‑build) strategy, and support global expansion and infrastructure scaling; terms were not disclosed.
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December 4, 2024
- Buyer
- IXOPAY, K1 Investment Management
- Target
- Aperia Compliance
- Seller
- Aperia Solutions
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Addon
IXOPAY, a K1 Investment Management portfolio company and payments orchestration platform, has merged with Aperia Compliance, a PCI DSS validation and risk management business formerly part of Aperia Solutions. The combined business—operating as Aperia Compliance, an IXOPAY company—bundles IXOPAY's enterprise tokenization and orchestration capabilities with Aperia Compliance's PCI Level 3/4 services to expand compliance, security and payment capabilities for merchants, ISOs, processors and banks worldwide.
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October 20, 2024
- Buyer
- Stripe
- Target
- Bridge
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Stripe has acquired stablecoin payments platform Bridge for $1.1 billion, marking the largest acquisition in both Stripe's history and the crypto industry. Bridge provides APIs and software that enable businesses to accept stablecoin payments; the deal accelerates Stripe's push into crypto-backed payment rails and stablecoin support.
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- Buyer
- Genstar Capital, TA Associates
- Target
- AffiniPay
- Seller
- Funds advised by Apax
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Growth capital
Genstar Capital has agreed to make a significant investment in AffiniPay, a provider of practice management software and embedded payments for legal, accounting, and professional services firms. TA Associates will remain a meaningful investor while funds advised by Apax will fully exit; the capital will be used to extend AffiniPay's product suite and accelerate growth across new products and verticals.
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January 24, 2024
- Buyer
- Retail Lockbox, Inc.
- Target
- eRemitt
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Seattle-based Retail Lockbox has acquired Houston-based remittance and document processing provider eRemitt. The deal expands Retail Lockbox's geographic footprint and client relationships in the remittance/payments space while combining complementary lockbox and document-management capabilities.
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- Buyer
- Phalanx Impact Partners
- Target
- CollateralEdge
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Growth capital
New York-based Phalanx Impact Partners has made a strategic growth investment in Dallas-area fintech CollateralEdge to support the company’s expansion of its collateral-enhancement platform for community and regional banks. The investment will help CollateralEdge scale its proprietary portal that automates collateral pricing and underwriting support to increase middle-market lending to underserved communities.
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October 12, 2023
- Buyer
- NMI
- Target
- Sphere (commercial division)
- Seller
- Sphere
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Divestiture
NMI, a Schaumburg, Illinois-based payments technology company, has acquired the commercial division of payments software provider Sphere. The acquisition brings 23 commercial employees and Sphere's Irving, Texas office to NMI, and is intended to enhance NMI's underwriting, risk management and merchant account creation capabilities; terms were not disclosed.
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October 11, 2023
- Buyer
- Celero Commerce
- Target
- Finical
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Nashville-based Celero Commerce has acquired Dallas-based Finical, a provider of electronic payments technology for small and mid-sized businesses. The deal expands Celero's capabilities and scale in payments processing — bringing its pro forma annual card volume to roughly $25 billion — and marks Celero's tenth acquisition since launching in 2018.
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- Buyer
- Fortis
- Target
- SmartPay
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Fortis, a US-based embedded payments and commerce technology provider, has acquired SmartPay, an embedded payments solution provider with strong ERP and enterprise software relationships. The acquisition will add SmartPay’s team and customer relationships to Fortis and expand its capability to serve software platforms, marketplaces and scaling businesses, coinciding with Fortis’ launch into Canada and new settlement features.
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November 16, 2022
- Buyer
- Park Cities Asset Management LLC
- Target
- Elevate Credit, Inc.
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Elevate Credit (Elevate) entered into a definitive agreement to be acquired by an affiliate of Park Cities Asset Management LLC in an all-cash transaction valued at an implied $67 million ($1.87 per share). The transaction is expected to close in the first quarter of 2023, subject to customary conditions, including shareholder and regulatory approvals.
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August 23, 2022
- Buyer
- ParkHub
- Target
- Fuzse
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
ParkHub, a Dallas-based parking software and payments provider, has acquired Fuzse, a Dallas payments integrator founded by Lane Conner. The deal brings payments integration capabilities and payment-driven customer insights into ParkHub's parking management and payments platform to expand its payments innovation and product capabilities.
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- Buyer
- DHC Acquisition Corp
- Target
- GloriFi
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
GloriFi, a mission-driven fintech platform offering financial products such as credit cards, digital banking, insurance, mortgages, and brokerage, entered into a definitive agreement to become publicly listed through a business combination with DHC Acquisition Corp. The transaction is expected to provide approximately $279 million in cash proceeds to GloriFi and is expected to close in the first quarter of 2023, subject to shareholder approvals and other customary conditions.
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- Buyer
- Lateral Investment Management
- Target
- FirstClose, Inc.
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Growth capital
Lateral Investment Management has made a $35 million growth equity investment in FirstClose, a fintech provider of underwriting workflow automation, point-of-sale software, and data services for mortgage and home equity lenders. The funding will be used to accelerate product development, expand sales and customer success teams, and pursue organic growth and potential acquisitions to broaden FirstClose’s footprint across the U.S. lending market.
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- Buyer
- Madison Dearborn Partners, LLC
- Target
- MoneyGram International, Inc.
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Madison Dearborn Partners (MDP) announced it will buy MoneyGram International, Inc. for $1.8 billion in an all-cash transaction at $11 per share. The definitive agreement was approved by MoneyGram’s board, with closing expected in the fourth quarter of 2022 subject to shareholder and regulatory approvals.
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January 27, 2022
- Buyer
- Till Payments
- Target
- ZIPS (Ziosk Integrated Payment Services)
- Seller
- Ziosk
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Divestiture
Till Payments has acquired ZIPS, the payment processing business unit of hospitality technology provider Ziosk, and absorbed ZIPS employees into Till’s North America operations. The deal strengthens Till’s integrated payments capabilities, creates a long-term partnership with Ziosk (which will continue using Till’s processing), and accelerates Till’s expansion across North America.
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January 3, 2022
- Buyer
- Repay Holdings Corporation (REPAY)
- Target
- Payix
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Repay Holdings Corporation (REPAY) acquired Payix, a Fort Worth-based omni-channel payment and collections SaaS platform, for up to $115 million ($95 million at closing plus up to $20 million earnout). The deal, financed with cash on hand and revolver capacity, strengthens REPAY's position in the automotive loan-repayment vertical and accelerates expansion into the BNPL market.
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December 17, 2021
- Buyer
- FirstCash Holdings, Inc.
- Target
- American First Finance
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
FirstCash Holdings, Inc. has completed its acquisition of American First Finance (AFF), adding AFF as a wholly owned subsidiary and establishing FirstCash's entry into the lease-to-own and point-of-sale payment space. AFF brings a nationwide network of over 6,500 merchant partner locations and technology for "no credit required" retail financing; Doug Rippel, AFF's founder and former chairman, joined the FirstCash Board following the close.
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- Buyer
- Falfurrias Capital Partners
- Target
- Chargeback Gurus
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Falfurrias Capital Partners has made a majority investment in Chargeback Gurus, a Texas-based provider of chargeback prevention and recovery services for eCommerce and card-not-present merchants. Falfurrias will support Chargeback Gurus' expansion of industry verticals and geographies and invest in technology, sales, and service enhancements; Leonis Partners served as financial advisor to Chargeback Gurus.
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July 13, 2021
- Buyer
- Quext
- Target
- Viva Equity
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Quext, a Lubbock-based proptech platform, acquired a majority stake in fintech Viva Equity to integrate Viva's digital banking products (Viva First and Relm) and embedded finance capabilities into Quext’s multi-family property management platform. The deal aims to improve resident financial inclusion—particularly for Latino, student and underserved renter communities—while reducing operating costs for multi-family operators through embedded payments and banking features.
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- Buyer
- Deluxe Corporation
- Target
- First American Payment Systems
- Seller
- Ontario Teachers' Pension Plan Board, Stella Point Capital
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Deluxe Corporation agreed to acquire First American Payment Systems from Ontario Teachers' Pension Plan Board and Stella Point Capital for $960 million in an all-cash transaction. The deal expands Deluxe's merchant acquiring and omnichannel payments capabilities, bringing a large base of SMB merchants and enhanced payments technology into Deluxe's portfolio.
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- Buyer
- DocuPhase, LoneTree Capital
- Target
- Clearwater Payments
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Addon
DocuPhase, a LoneTree Capital‑backed business process automation platform, has acquired Clearwater Payments, a Dallas‑based cloud electronic billing and payments provider. The add‑on expands DocuPhase’s AP/AR automation suite to deliver end‑to‑end accounts payable and receivable payment capabilities for enterprise clients in banking, insurance, and utilities.
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- Buyer
- Paya, GTCR
- Target
- The Payment Group (TPG)
- Seller
- Thompson Street Capital Partners (TSCP)
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Divestiture
Atlanta-based payments provider Paya, backed by private equity firm GTCR, has acquired The Payment Group (TPG) from Thompson Street Capital Partners for $21 million. The acquisition strengthens Paya’s government and utilities payments footprint—notably expanding its presence in Texas—and brings TPG’s ~600 municipal customers onto Paya’s platform.
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July 30, 2020
- Buyer
- ZenBusiness
- Target
- Joust
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
ZenBusiness has completed the acquisition of Austin-based fintech Joust and will relaunch the business as ZenBusiness Money. The deal brings Joust's business banking, merchant services, and invoice protection tools into the ZenBusiness platform to expand financial services for microbusinesses and freelancers.
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- Buyer
- Fiserv, Inc.
- Target
- Bypass Mobile
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Fiserv has acquired Bypass Mobile, an Austin-based independent software vendor that provides enterprise point-of-sale (POS) systems and back-office management tools for restaurants, stadiums and other multi-site operators. The acquisition will integrate Bypass’s POS and insights capabilities into Fiserv’s universal commerce platform to enhance omni-commerce and payment experiences; terms were not disclosed.
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February 10, 2020
- Buyer
- REPAY Holdings Corporation
- Target
- Ventanex
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
REPAY Holdings Corporation acquired Ventanex for up to $50 million, paying $36 million at closing with up to $14 million payable via performance-based earnouts. The Dallas-based integrated payments provider (serving consumer finance, mortgage servicers and B2B healthcare) will expand REPAY's vertical footprint and create cross-sell and growth opportunities; the deal was financed with cash on hand and an upsized credit facility.
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January 9, 2020
- Buyer
- Serent Capital
- Target
- ePayPolicy
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Growth capital
Serent Capital, a San Francisco and Austin-based private equity firm, made a significant growth investment in ePayPolicy to accelerate product development, user experience improvements, and market expansion in the Excess & Surplus insurance payments market. ePayPolicy, founded in 2014 and headquartered in Austin, Texas, serves over 2,300 customers and processes roughly $2 billion in payments annually; Leonis Partners advised ePayPolicy on the transaction.
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March 15, 2019
- Buyer
- Paysafe Group
- Target
- MeritCard Solutions
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Paysafe Group acquired MeritCard Solutions (MeritCard Solutions, LP), a Dallas-based merchant account provider, in 2016. MeritCard has since been fully absorbed into the Paysafe brand and its website now redirects to Paysafe's homepage.
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January 11, 2016
- Buyer
- The Riverside Company
- Target
- Kasasa (formerly Kasasa by BancVue)
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Growth capital
The Riverside Company has entered a strategic investment partnership with Kasasa (formerly Kasasa by BancVue), taking a minority/partnership stake while Kasasa’s leadership and management remain significant owners. Riverside will support Kasasa’s continued growth and expansion as the fintech and marketing services provider rebrands to Kasasa and seeks to scale its products for community banks and credit unions.
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Frequently Asked Questions
What kinds of payments and fintech deals are featured for Texas?
The page highlights acquisitions and investments spanning embedded payments technology, underwriting and lending support, PCI compliance/risk management, payment processing for SMBs, and commerce enablement like mobile payments and digital marketing.
Which recurring investors appear in Texas payments & fintech transactions?
Recurring names include Serent Capital, K1 Investment Management, and other repeat investors such as Atlanticus Holdings Corporation and NMI appear as acquirers across the listed deals.
Do the Texas deals emphasize compliance and security?
Yes. A featured example is IXOPAY merging with Aperia Compliance to bundle tokenization/orchestration with PCI DSS validation and risk management services.
Are there examples of major platform acquisitions involving stablecoin or crypto payments?
Yes. Stripe acquired the stablecoin payments platform Bridge for $1.1 billion, bringing stablecoin payment APIs/software into Stripe’s product suite.