Payment Nerds Secures $2 Million Credit Facility from Espresso Capital
Payment Nerds, a merchant services and payment processing company, has secured a $2 million credit facility from Espresso Capital. The non-dilutive financing will support the firm's growth initiatives by funding investments in sales expansion, technology infrastructure, strategic partnerships, and hiring efforts. Founded by Shawn Silver, Payment Nerds aims to modernize merchant services with flexible solutions tailored for businesses across various industries. This capital injection allows the company to scale its operations without diluting existing equity while strengthening leadership through recent appointments such as Jacob Martin as Vice President of Sales and Trae Holthouse's promotion to Sales Manager. The financing aligns with Payment Nerds' strategy to enhance technology capabilities, expand market reach, and deepen merchant support. Espresso Capital has a history of providing credit solutions for growth-stage tech companies since 2009.
Topics: credit facility growth funding merchant services payment processing