PayArc, a leading payments technology company formed by co-founders Zachary Martinez and Jared Ronski, has announced a strategic investment from Bregal Sagemount, a private equity firm providing capital and strategic assistance to companies in high-growth sectors.
PayArc will be utilizing this initial round of financing for investment in the latest Sales and Marketing Channels, target strategic acquisitions, and expand its value proposition to all constituents.
Mr. Martinez, CEO of PayArc commented: “We built a business with a soul that cares just as much about its employees as its agent partners and customers. We are a leader in the payments space because of our ability to innovate on behalf of all our constituents. Our growth is a testament to that discipline, and we’re thrilled to enter this next chapter with the amazing team at Bregal Sagemount.”
Mr. Ronski, President of PayArc stated: “We have been very impressed with Bregal Sagemount’s track record of partnerships across the payments sector and proven ability to help its partner’s scale to new levels. The Bregal Sagemount team has built a deep knowledge base in the industry and shares our core values and vision for success. We’re incredibly proud of everything we’ve accomplished, and to have reached this notable milestone.”
Clayton Main, a Partner at Bregal Sagemount who will join the PayArc Board of Directors along with Jon Sonnenschein and Zach Month stated: “We’re excited to partner with PayArc to provide the resources and operational expertise that will ensure they continue to deliver a leading integrated technology platform, drive superior payment solutions, and support their customers at the highest level. This is an important moment for PayArc and we’re looking forward to being part of the company’s next phase of growth.”
PayArc claims that it has grown more than 100% in each of the past four years, with a cumulative growth rate of more than 1,500 percent. PayArc also added that it has partnered with a growing base of more than 10,000 merchants to date, processing $3B+ in omnichannel payments volume annually.
In partnership with Bregal Sagemount, PayArc will use the capital as a catalyst to execute on several strategic growth initiatives and expand its suite of integrated payment functions.