AUSTIN, Texas--(BUSINESS WIRE)--AffiniPay, the industry leader in professional services payment solutions, acquired ClientPay, the award-winning digital payment solution, to accelerate the adoption of online payments within large law firms. ClientPay will join AffiniPay’s family of market-leading brands including LawPay, designed exclusively to serve attorneys. Together, LawPay and ClientPay will empower large legal and professional services firms to incorporate credit card, eCheck or digital wallet processing into their practices.
Adoption of electronic payment acceptance by large law firms has been gaining momentum and 2020 saw an accelerated double digit growth rate among enterprise firm adoption, due to client demand for contactless payments and the acceleration of CIO/CFO workflow efficiency initiatives. Unlike basic consumer online transactions, large firms have specific payment needs that require solutions purpose-built by industry that integrate securely with their current practice management and accounting software and provide for the processing of large transactions with personalized customer support.
This acquisition strengthens AffiniPay’s commitment to serving all professional services firms with solutions customized to serve their needs, spanning from the solo practitioner to the largest legal and professional services organizations. ClientPay will also add key large firm practice management technology partnerships to the AffiniPay and LawPay portfolio, adding to its ecosystem of more than 70 integrated technology partners. This allows all professional services firms to securely integrate electronic payment capabilities into their existing technology platforms.
LawPay and ClientPay lead the legal payments market with:
- Secure integrations allowing for electronic invoice presentment and payments with the industry’s most adopted enterprise matter management providers
- Custom solutions teams to provide integrations to serve the needs of large enterprises
- Highest level of Payment Card Industry (PCI) compliance payment options, with ClientPay’s customers now able to benefit from AffiniPay’s proactive PCI compliance team
- Enhanced security, threat management, access management and privacy commitment to enterprise firms
- Dedicated customer success team designed for the needs of professionals, answering calls within 20 seconds
- Broadest legal technology integration ecosystem in the market
“At AffiniPay we could not be more excited about bringing ClientPay into our portfolio to further our mission of transforming the way professionals are paid. Together we will be stronger, have better capabilities and will reach further than we could have on our own. This acquisition further strengthens our position in the enterprise market,” said AffiniPay CEO Tom West.
“It is with great honor and excitement to announce that ClientPay has joined the AffiniPay family. This next chapter for ClientPay will be one of significant growth, as we join forces with AffiniPay to expand upon our collaborative reach and closely aligned missions and values. We will continue to serve our customers at a world-class level while bringing new intuitive payment technology to make life easier for professional services firms. Collectively, we will be better together for our customers, our partners and the industry,” said Persolvent CEO Jay Bruber.
Hennepin Partners acted as the exclusive financial advisor to ClientPay.
Based in St. Paul, Minn., ClientPay is an award-winning technology solution developed to make life easier for professional services firms through innovations in digital payment processing. ClientPay has been acknowledged as an industry leader, having been awarded the Software & Information Industry Association’s (SIIA) Best Financial Technology Solution at the 2018 CODiE Awards in San Francisco. Through integrations with some of the legal industry’s top matter management platforms, ClientPay helps companies get paid faster and reduce write-offs while eliminating billing errors. Learn more at clientpay.com.
AffiniPay is the market leader in professional services payments serving legal, accounting, architectural, engineering and construction firms. AffiniPay has been recognized as one of Inc. 5000’s fastest growing companies for 8 years in a row. Each of its brands leads the market it serves with solutions purpose-built by industry including LawPay, ClientPay, CPACharge, DesignPay and AffiniPay for Associations. AffiniPay’s solutions are trusted by more than 150,000 professionals with more than 150 strategic partnerships and endorsements, including the American Bar Association and the American Institute of Certified Public Accountants. Visit affinipay.com to learn more.