The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

Stage

Acquired | Acquired

About MertzCo

MertzCo markets and resells credit card, debit card, gift card, loyalty card, and other payment process services.

MertzCo Headquarter Location

Chicago, Illinois,

United States

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Latest MertzCo News

CardConnect's King of Prussia HQ. CardConnect acquires Chicago-based sales firm MertzCo - Technical.ly Philly

Apr 7, 2017

(Courtesy photo) The latest from publicly-traded fintech company  CardConnect  is an acqui-hire of sorts. Today, the King of Prussia, Pa.-based company announced it had acquired a Chicago-based sales firm called MertzCo for an undisclosed amount. The firm’s 13-strong full-time staff, including CEO Michael Mertz, will join CardConnect but keep their Chicago location. No layoffs were reported. As part of the transaction, Mertz joined CardConnect’s senior exec team as Chief Sales Officer. He brings aboard 27 years of experience in the payment processing business, having served as CEO at MertzCo since 2003. Jeff Shanahan , CEO and President of CardConnect, called the deal “the next logical step” for CardConnect in response to a 10-year relationship with the MertzCo team. “MertzCo has consistently generated strong growth, recently as a value-added reseller of CardPointe,” said Shanahan in a press release. “Now, in combining Michael’s ability to build a high-producing sales organization with CardConnect’s technology we expect to significantly expand our direct distribution channel, one of our 2017 growth objectives” Following the transaction, the fintech firm’s staff count rose to 225. CardConnect VP of Marketing, Michael Starosciak told Technical.ly MertzCo stood out as one of the company’s best hawkers. “CardConnect has a lot of different sales partners that range from agents and independent sales offices,” said Starosciak. “They would have a sales force that looks sell them technology from CardConnect. This particular group definitely were our larger resellers. They were very skilled at growing the business.” CardConnect was acquired in March 2016 in a bid to take the company public . Last summer, CardConnect finalized the deal  and, a month later, we spotted a triumphant Shanahan ringing the Nasdaq closing bell. Here’s his take on why fintech is not a business anymore . Advertisement -30- Roberto Torres became Technical.ly Lead Philly Reporter in May 2016. Prior, he was a freelance contributor to Technical.ly and Al Dia News. The native Venezuelan moved to Philadelphia in 2015 after reporting on research at his alma mater, the University of Zulia. Whenever he's not fencing deadlines, he can be found standing in line at Overbrook Pizza in West Philly, running Netflix/Hulu marathons with his wife or reading news from Venezuela.

  • Where is MertzCo's headquarters?

    MertzCo's headquarters is located at Chicago.

  • What is MertzCo's latest funding round?

    MertzCo's latest funding round is Acquired.

  • Who are the investors of MertzCo?

    Investors of MertzCo include CardConnect.

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