Valor PayTech, an innovator in the point-of-sale software and payment technology sector, has recently secured a strategic investment from funds managed by Lovell Minnick Partners (LMP). LMP is a well-regarded private equity firm that focuses on investments in financial services, business services, and financial technology companies. This investment represents a significant milestone for Valor, marking the first time the company has raised institutional capital since its founding.
The strategic partnership with LMP not only provides much-needed funding but also marks the beginning of an exciting new chapter for Valor as it continues to grow rapidly in the fintech sector.
With LMP’s financial injection and operational expertise, Valor aims to enhance the capabilities available to its diverse stakeholders, including merchants, independent software vendors (ISVs), independent sales organizations (ISOs), and channel partners. This collaboration is expected to lead to increased efficiency and a more seamless payment experience for all users.
Founded in 2020, Valor PayTech operates out of Jericho, New York, and Chennai, India. In just a few short years, the company has established a reputation as a disruptive player in the payments industry. Valor’s comprehensive ecosystem comprises several key offerings, including its Gateway, Virtual Terminal, Valor Pay Mobile App, Valor CRM, Valor Updater, Engage My Customer, and a variety of smart terminal solutions tailored to meet a wide range of business needs.
One of Valor’s standout features is its robust set of application programming interfaces (APIs), which allows more than 400 strategic partners to integrate with its platform effortlessly. This accessibility enables partners to deliver value-added services to nearly 300,000 merchants who rely on Valor for secure and efficient payment processing. The focus on integration and partnership is a cornerstone of Valor’s strategy to foster a more connected and efficient payments ecosystem.
In connection with the investment, Eric Bernstein will continue to serve as CEO of Valor PayTech. He will work closely with LMP to scale the company’s operations effectively, accelerate innovation, and explore strategic expansion opportunities. Importantly, this partnership is designed to maintain Valor’s independence and the entrepreneurial spirit that has fueled its success thus far. The future looks promising for Valor as it leverages this new investment to drive growth and improve services in the dynamic fintech landscape.
KEY QUOTES:
“This new chapter with LMP opens up exciting opportunities for us to make strategic investments and acquisitions that will further strengthen our ecosystem. I’m proud to continue leading Valor with the same culture and vision that brought us here, now with added capital, strategic insight, and an aligned financial partner in LMP that believes in our mission. Together, we are well-positioned to drive even greater impact across the payments market.”
Eric Bernstein, CEO of Valor
“Valor’s ability to innovate quickly and serve a dynamic and diverse customer base makes it a standout company in the fintech space. We are excited to partner with the entire Valor team to support their next phase of growth.”
Spencer Hurst, Principal at LMP
