Exectras – a go-to provider for SMBs seeking everyday business services, including merchant services, payroll, health insurance, and workers’ compensation – recently announced the completion of debt financing from Tacora Capital for up to $30 million. This funding will be used to acquire merchant portfolios, organic growth initiatives, and internal infrastructure development.
With competitively contracted relationships with over 700 business associations, Exectras provides businesses access to heavily discounted business services and provides every employee and their families world-class benefits and perks, including zero-cost access to America’s number one virtual primary care and prescription drug coverage.
The product partners include First American by Deluxe, AJ Gallagher, Paychex, Allstate, One Digital, Zebit, and Walmart Health.
Along with its core benefits offering, Exectras originates and acquires credit card residuals and merchant portfolios representing billions of dollars of annual processing volume. And Tacora’s funding will be crucial in expanding this capability.
SFT Capital served as the arranger/adviser on the transaction.
KEY QUOTES:
“As long-time backers of the entrepreneur economy, we are thrilled to support Joe and the Exectras team as they continue to build a platform that helps business owners thrive. We look forward to a long-term relationship with Exectras and its customers.”
— Keri Findley, CEO of Tacora
“We are grateful to have a partner in Tacora that understands our business and is committed to our growth. As entrepreneurs themselves, they understand how valuable our services can be. We look forward to an extended partnership.”
— Joseph Cherry, President and CEO of Exectras
