SOUTHLAKE, Texas--(BUSINESS WIRE)--Rev19, LLC (“Rev19”), an industry-leading provider in integrated payment solutions, announced the acquisitions of Renaissance Associates (“Renaissance”), one of the largest privately owned and self-financed merchant service providers in the country, and PurePayments LLC (“PurePayments”), a long-standing pioneer in payment technology and processing solutions.
These acquisitions strengthen Rev19’s expertise in providing industry-leading payment processing, payment management technology, and customer support to its financial institution partners and customer base. Following the additions of Renaissance and PurePayments, Rev19 will serve nearly 4,000 merchants and process approximately $1.2 billion in annual payment volume.
Renaissance’s payment processing capabilities and PurePayments’ extensive relationships will allow Rev19 to integrate with numerous leading payment applications and transformative payment management tools. These platforms and integrations will streamline payment processing for Rev19’s strategic partners and create a seamless customer experience to their customer base.
“Renaissance and PurePayments fit our strategy of acquiring high growth businesses with great margins, a strong existing customer base, and technology enhancement opportunities. Organizations that operate in large, quickly growing markets are what we look for,” said Corey Young, Rev19 CEO.
Dallas-based Renaissance Associates has been ranked consistently by the Nilson Report in the top 70 largest merchant acquirers in the country. “We are delighted to announce our partnership with the Rev19 team. Rev19 has developed and is continuing to develop omnichannel solutions for merchants that are unique to the payments space. These products will enable us to accelerate our growth into integrated payments and provide our merchants with truly value-added, long-term solutions,” said Daniel Martin, CEO of Renaissance.
Over the past 40 years, California-based PurePayments developed front and back-end solutions through several industry relationships offering multiple platforms and payment technologies to numerous, high volume businesses in California and the surrounding states. “PurePayments will now provide us with end market diversification and organic growth opportunities on the west coast, which we believe will help drive more value to our merchant base across the nation,” said Young.
About Rev19, LLC:
Rev19 is an established, rapidly growing merchant services and financial technology company based in Southlake, TX. Rev19 is out to change the game in the payments industry, and it all starts with having a committed, customer-focused support team, which is the backbone of the company. To learn more about Rev19 and their services, visit: https://rev19.net.