Commerce

Celero Commerce Acquires Neighborhood Bankers Service provider Providers

NASHVILLE, Tenn.–(BUSINESS WIRE)–Celero Commerce (“Celero”), a high ten U.S. non-bank cost processor, at present introduced the acquisition of Neighborhood Bankers Service provider Providers (CBMS), a supplier of digital transaction processing by means of group and regional banks nationwide. With the addition of Arkansas-based CBMS, Celero will serve over 53,000 retailers nationwide, processing roughly $21 billion in annual card quantity.

Based in 1989 by Bob Morris, CBMS has partnered with banks for over thirty years, providing a full suite of cost processing options for his or her small and mid-sized enterprise prospects. “For 3 many years, the CBMS staff has supported their financial institution companions’ development by means of business main service and assist,” mentioned Celero founder and Chief Govt Officer Kevin Jones. “The proficient and skilled CBMS staff matches properly inside our group, and we’re excited to serve group and regional banks collectively.”

Like Celero, we have now all the time targeted on offering superior service to our group financial institution companions and their retailers. We couldn’t be happier to be becoming a member of the Celero staff,” mentioned CBMS Chief Working Officer Dean Morris. “Their depth of expertise and breadth of merchandise and know-how will enable us to offer higher options to our banks and their prospects.”

We based Celero to ship a proprietary suite of FinTech (Funds, Software program, and Information) options to our monetary establishment companions and small and mid-sized enterprise prospects,” added Jones. “The addition of CBMS furthers Celero’s market main place within the monetary establishment market and permits us to expedite our development.”

733Park, Inc., a boutique mergers and acquisition advisory agency specializing in funds and FinTech, represented Neighborhood Bankers Service provider Providers (“CBMS”), in its sale to Celero Commerce (“Celero”).

About Celero Commerce

Headquartered in Nashville, Celero Commerce is a full-service, built-in digital commerce options supplier powered by modern know-how, strategic partnerships, and enterprise intelligence. Celero affords cost processing providers, enterprise administration software program, and information intelligence to small and medium-sized companies, empowering them to drive development and profitability.

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