Talus Pay, a payment processing solution for small and mid-sized merchants, has acquired Jobox.ai, a Fintech company servicing the home services industry, and Clarus Merchant Services, a provider of integrated B2B payment solutions.
In combination with Jobox and Clarus, Talus Pay now “processes more than $9 billion in annual payments volume for over 22,000 merchant customers across the United States.”
The company is well positioned “to drive growth within the home and facility services verticals while scaling the Jobox technology to serve other core industry verticals including auto repair, beauty, hospitality, non-profit, and service retail, among others.”
Talus Pay is a portfolio company of A&M Capital Partners (AMCP). Financial terms “were not disclosed.”
Talus Pay CEO Kim Fitzsimmons said:
“We are excited to welcome both Jobox and Clarus to the Talus Pay team. We have tremendous end-to-end technology infrastructure and sales and service platforms. Adding Jobox and Clarus gives us additional proprietary software and scale in complementary business-to-business industry verticals.”
Alex Sacripanti, Principal at AMCP, said:
“We are pleased to support Talus Pay’s vision of technology enabled growth. Jobox and Clarus exemplify our commitment to partner with entrepreneurs that align with Talus Pay’s values and vertically integrated approach to delivering payment processing solutions.”
Jobox puts business into “the hands of hard-working, on-the-go, home services professionals across the United States.”
Job matching, scheduling and payments, plus customer communications and inventory can be managed “all from one mobile app so that these small business owners can focus on providing top-notch service on every job, every step of the way, to build customer relationships and loyalty.”
Jobox utilizes “a modular, open-source architecture that Talus Pay plans to scale across core industry verticals beyond home services through Talus Pay direct and reseller channels including ISV partners.”
Shay Bloch, co-founder and CEO of Jobox, said:
“Jobox is a terrific tool for underserved home and facility services professionals to help them efficiently run their businesses and increase their bottom lines. By joining forces with Talus Pay, we can accelerate our market share in the home services end market while having the opportunity to accelerate entry into new market verticals.”
Clarus has deep and trusted expertise in “a wide range of business-to-business verticals, credit unions, wholesale distribution groups, and building materials distribution companies. The company offers customer care, competitive pricing and the highest level of cardholder security.”
Eric Pottebaum, president of Clarus, said:
“We have significant portfolio and business synergies with Talus Pay which makes joining forces natural. We are excited to be able to offer our merchant customers new and innovative solutions from Talus Pay, and to combine forces to help drive long-term growth.”
Pottebaum joins Talus Pay’s leadership team “as general manager of its Clarus portfolio. Bloch has been named Talus Pay’s chief strategy officer and Kaushik Pendurthi, also from Jobox, has been named chief technology officer.”
MAPP Advisors, a fintech advisory firm “with a core focus on payments, advised the seller on the Clarus transaction. Winston & Strawn LLP, IceMiller LLP and Corvino Law advised Talus Pay in connection with the acquisitions.”
