Espresso Capital has provided Payment Nerds with a $2 million credit facility. The Nashville merchant services company said the non-dilutive financing will support growth across its sales organisation, technology infrastructure, strategic partnerships and merchant services capabilities.
Payment Nerds, founded by Shawn Silver, provides payment processing and merchant services to businesses across retail, e-commerce and specialised industries.
Silver, Founder and Chief Executive of Payment Nerds, said the partnership with Espresso Capital gives additional capital and flexibility to invest in the business, including expanding the team and strengthening technology and infrastructure.
Espresso Capital provides credit solutions to growth-stage technology companies.