Level 3 Payments, a Miami, FL-based electronic payments platform processor, received an $18m senior secured term loan facility.
Columbia Pacific Business Finance provided the financing.
In partnership with Columbia Pacific, the company has expanded its processing platform offerings and geographic footprint, continuing its growth strategy with its latest acquisition of more than 3,000 merchants and ongoing production from a sales force of over 75 partners.
Led by Javier Abreu, Founder and CEO, Level 3 Payments provides an omni-channel payments technology platform to online, mobile, and in-person businesses. The company drives integrated payment and software solutions to businesses of all sizes in strategic vertical markets, marketing and reselling credit card, debit card, gift card, loyalty card, and other payment process services, including Integrated Software Vendors (ISVs).