Payment processing solution provider Talus Pay acquired two companies to add FinTech software and integrated B2B capabilities.
The two companies acquired by the firm are Jobox.ai, a FinTech company servicing the home services industry, and Clarus Merchant Services, a provider of integrated B2B payment solutions, Talus Pay said in a Thursday (Jan. 4) press release.
“We have tremendous end-to-end technology infrastructure and sales and service platforms,” Talus Pay CEO Kim Fitzsimmons said in the release. “Adding Jobox and Clarus gives us additional proprietary software and scale in complementary business-to-business industry verticals.”
For example, Talus Pay plans to scale the Jobox technology to serve other core industry verticals like auto repair, beauty, hospitality, nonprofit and service retail, according to the release.
Jobox provides home services professionals with a mobile app that enables them to manage job matching, scheduling, payments, customer communications and inventory, the release said.
Founded in 2018, the firm has focused on home services professionals, such as locksmiths, carpet cleaners and plumbers.
The other company acquired by Talus Pay, Clarus, has expertise in a wide range of B2B verticals, per the release.
With these acquisitions, Talus Pay now processes more than $9 billion in annual payments volume for 22,000 merchant customers in the United States, according to the release.
Talus Pay is a portfolio company of A&M Capital Partners (AMCP), the release said.
“Jobox and Clarus exemplify our commitment to partner with entrepreneurs that align with Talus Pay’s values and vertically integrated approach to delivering payment processing solutions,” AMCP Principal Alex Sacripanti said in the release.
PYMNTS Intelligence found that modern B2B marketplace platforms are helping reshape how organizations of all sizes operate and scale, while digital capabilities are rapidly transforming the ways in which buyers and sellers interact across every B2B touchpoint.
As part of this transformation, legacy B2B payment systems are giving way to digital platforms that can accelerate transactions, improve cash flow and streamline compliance, according to the PYMNTS Intelligence study “Merchants Need Modern Payment Systems to Meet Customer Demand.”
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