Fattmerchant Secures $5.5 Million

Payment technology startup Fattmerchant announced the close of $5.5 million in financing from Fulcrum Equity Partners.

Fattmerchant offers a credit card processing model for small business that focuses on payment technology, human customer support, and simple merchant services. Based in Orlando, Florida, it supports retail and restaurant locations with physical terminal and POS integrations, online businesses with shopping cart capabilities, professional services businesses with a robust online invoice and billing solution, and on-the-go businesses with a mobile application. Its open API allows businesses to create custom payment experiences with all of its processing benefits.

Fattmerchant intends to use the funds for continued product and technological developments, marketing, and customer acquisition.