Electronic Merchant Systems (EMS), a leader in innovative payment solutions, announced a strategic investment in Payment Nerds and Pet Payments, two new ventures from former Payment Cloud founder, Shawn Silver. Both Payment Nerds and Pet Payments have entered into distribution agreements with EMS. Silver transitioned out of his role with EMS-owned Payment Cloud last year and will serve as CEO of Payment Nerds.
Payment Nerds is a vertically integrated payment platform that caters to low and medium-risk industries, including hospitality, retail, e-commerce, and more. Pet Payments serves the veterinary practices, mobile clinics, and pet grooming verticals.
“Starting Payment Cloud and watching it grow has been an incredible journey,” stated Silver. “I’m deeply appreciative of the EMS team and their support as I take this next step. I look forward to continuing my relationship with EMS as our processing partner and utilizing their innovative merchant platforms to fuel our growth.”
Afshin Yazdian, Executive Chairman & CEO of EMS, added, “EMS is thrilled to take on the role of strategic investor in Payment Nerds and Pet Payments. I look forward to cementing an exciting distribution partnership that promises continued advancement across the fintech industry.”
Yazdian continued, “We are immensely grateful for Shawn’s role in driving success at Payment Cloud. This transition represents a win-win scenario, allowing for new growth opportunities for both EMS and Shawn’s latest ventures. We look forward to fueling Shawn’s success.”
This critical investment underscores EMS’s commitment to fostering entrepreneurship and maintaining strong relationships within the fintech ecosystem. EMS has transformed into a leading technology-driven fintech platform providing modern boarding and support systems that offer its distribution partners an unparalleled customer experience. The company remains dedicated to delivering modern payment solutions and ensuring merchant satisfaction.
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