Fidelity Payment Services, a Brooklyn, NY-based provider of tech-enabled payment processing solutions to small- and medium-sized businesses (SMBs) across the U.S. and Canada, received an investment from H.I.G. Growth Partners.
The amount of the deal was not disclosed.
The company will use the proceeds from the investment to continue expanding its product offerings, enhance its feature set and further elevate the customer experience.
Led by new CEO David Ilowitz and founder Benjamin Weiser, who will continue to remain closely involved with the company as Vice Chairman of the Board of Directors, Fidelity operates as a regionally-focused merchant service provider. Its technology solution – an Omni-Channel Payment Gateway – integrates with merchants’ POS and ERP systems and enables them to securely accept electronic payments through multiple channels and platforms, including card-present EMV, e-commerce and mobile.