Payment Nerds receives $2m credit facility
The company combines card and ACH processing with gateway and point-of-sale integrations.
Payment Nerds plans to accelerate sales, improve technology infrastructure and expand strategic partnerships and merchant services.
The facility backs an operating payment-processing business serving retail, ecommerce and specialized merchants. It is credit financing, distinct from an equity round.
Use of funds
Accelerate sales investments
Improve technology infrastructure
Expand strategic partnerships and merchant services