Fattmerchant Receives $5.5 Million Funding, Passes $1 Billion in Transactions

Fattmerchant, a payment technology provider saving businesses thousands with its subscription-based model, today announces $5.5 million in additional funding, provided by Atlanta-based Fulcrum Equity Partners, along with a $1 billion transactional milestone.This latest round allows Fattmerchant founders, Sal Rehmetullah and Suneera Madhani, to add locations across the U.S. in addition to their Orlando hub, advance technology to make credit card processing more efficient for merchants, and continue taking on key clientele to further increase Fattmerchant’s transactional volume.

The company will use the funding for continued product and technological developments, marketing, and customer acquisition for a truly holistic growth strategy. These new developments allow Fattmerchant to expand its reach and continue to help businesses of all sizes across the nation improve efficiency and save thousands on credit card processing costs.

In addition to the recent funding, the award-winning merchant services provider also reached $1 billion in transactional volume, meaning it’s helped its subscribing merchants accept that amount in payments since opening its doors in 2014. In its first year, Fattmerchant had $5 million in transactions, and $100 million in 2015.