- Payment processing and merchant services company Tidal Commerce announced it raised $4 million in strategic growth capital from Super G Capital
Tidal Commerce — an inventive payment processing and merchant services company — announced it has raised $4 million in strategic growth capital from Super G Capital.
With this round of funding, Tidal Commerce is going to consolidate the traditionally messy merchant experience by combining onboarding, business management, sales data, payment gateways, and other critical merchant services into a single unified platform.
And Tidal Commerce will be increasing their development of specific, in-house payment software — which includes an interactive online application with built-in security/fraud features, lead management, underwriting, CRM, ticketing, and chargeback response.
Plus Tidal Commerce will be expanding partnership programs for ISOs, credit unions, and banks. And Tidal Commerce plans on launching their merchant dashboard later this year while continuing to expand its integration capabilities into 2020 and beyond.
When Tidal Commerce launched, it had a mission to lift the veil on a complex industry of partnerships, integrations, and unfair practices. And Tidal believes in making payments accessible for merchants of all sizes through smart business decisions and smarter software.
“We average almost $1 billion in transaction volume annually and are currently servicing over a thousand merchants ranging from professional services to banks. We used our initial funding to spur merchant growth while strategically positioning ourselves to scale and now all the matches are set for that next spark. This new investment from Super G Capital will expand our in-houses software team and allow Tidal to dive deep into ISO and bank partnerships — let’s just say we couldn’t be more excited for what comes next,” said Tidal Commerce founder and CEO Drew Sementa.
“For over 10 years we have met the growth capital needs of business in the payments industry” added Super G Capital COO Jon Engleking. “We are now able to provide larger financing and flexible structures to top tier ISOs such as Tidal Commerce. Super G Capital has the ability to fund up to $5 million per client by providing competitive debt solutions or purchasing residual portfolios.”
Super G Capital is considered the market leader in providing capital to merchant services Independent Sales Organization (ISOs) with over 650 ISOs funded since 2008.
“It was pretty clear that we were ready for our next step as a company,” explained Angela Sementa — the Chief Operations Officer at Tidal Commerce. “With new, ISO-specific software in hand, it’s time to hit selling and partnership development as hard as possible while continuing to expand our unique differentiators in the payment processing space — namely our in-house software and relentless standards of service. Bettering our custom POS integration abilities, improving our existing service offerings and continuing to simplify the payments world for merchants, ISOs and banks is the way forward and we’re excited to have Super G Capital along for the ride.”
