Evolv Enhances Growth Trajectory with Strategic EnzoPay Acquisition

Evolv Expands its Horizons with EnzoPay Acquisition

Evolv, a prominent name in payment acceptance solutions, has taken a significant step forward by acquiring EnzoPay, a company based in Virginia. This exciting development comes after Evolv's remarkable growth, which currently serves over 16,000 businesses and processes an impressive $6 billion in transactions annually. With this acquisition, EnzoPay will operate as Evolv Mid-Atlantic, signaling a new chapter in both companies' journeys.

A Leap Towards Innovation and Growth

This acquisition is more than just a business move; it bolsters Evolv's already robust distribution network and enhances its leadership position in the payment processing industry. As the company gears up for innovative solutions tailored to the Mid-Atlantic area, the future looks promising. The synergy created by combining their strengths will undoubtedly lead to accelerated growth and enhanced service offerings to clients.

Leadership Insights on the Acquisition

Steve Harler, who is the Chief Executive Officer at EnzoPay, expressed great optimism regarding the merger. He shared insights about his journey with Evolv, stating, "Before becoming an ISO of Evolv three years ago, I built and sold two ISOs, which required substantial back-office capital. Evolv's shared services model allowed us to focus on what we do best—sales and partnerships. Within just three years, we reached revenue goals that had previously taken six years with my other ventures. This remarkable success can be attributed to Evolv's outstanding back-office support and access to top-notch platforms like TSYS, Fiserv, and FIS. Collaborating with Evolv's leadership, especially Allan Noe, who embodies a growth-focused vision, perfectly complements our business journey."

The Vision of Evolv's Leadership

On the other side, Allan Noe, Chief Executive Officer of Evolv, articulated his enthusiasm for the acquisition, stating, "Welcoming EnzoPay into the Evolv family represents an exciting opportunity as we expand our reach and enhance our capabilities. EnzoPay has a strong record and an in-depth understanding of the payment ecosystem that aligns seamlessly with our vision. By joining forces, we are well-equipped to drive growth and introduce innovative solutions for our clients in the region."

Empowering Businesses Through Advanced Payment Solutions

This strategic acquisition is a testimony to Evolv's commitment to empowering businesses with cutting-edge payment solutions, while also setting a new standard within the industry. As part of Evolv's mission since its inception in 1998, the company has endeavored to deliver top-tier payment acceptance solutions in collaboration with banks and sales offices. Evolv is not just about transaction processing; it's about facilitating a seamless payment experience for merchants and partners alike.

About Evolv

Evolv prides itself on its extensive experience in the payment industry. They offer a comprehensive range of products from point-of-sale systems to payment terminals and gateways. In addition to these offerings, Evolv also made a significant move in 2017 by investing in VIV, a digital marketing agency. This has enabled them to extend their services further, allowing clients to benefit from enhanced website development, social media management, and advertising strategies. The company remains dedicated to its mission of enhancing sales, reducing costs, and managing risks effectively for its partners.

A New Era for EnzoPay

From the perspective of EnzoPay, the transition to become Evolv Mid-Atlantic signifies a pivotal moment in their evolution. CEO Steve Harler noted, "Our decision to join Evolv wasn't difficult; after three fruitful years as an ISO, this felt like a natural progression. We're excited about rebranding and aiming for significant growth in the Mid-Atlantic area. Our focus will also include building strong software integrations, strengthening bank partnerships, and assisting associations in maximizing monetization of their platforms. This opportunity has invigorated me more than ever in my eighteen-year career in payments."

Contact Evolv for More Information

Evolv invites anyone interested in their innovative payment solutions to reach out. With a steadfast commitment to empowering businesses, the company is ready to continue its expansive growth and impactful services. For further inquiries or information, potential clients can reach Evolv at 888-311-7248 or visit their official website for updates.

Frequently Asked Questions

What is the recent acquisition by Evolv?

Evolv has acquired EnzoPay, which will now operate as Evolv Mid-Atlantic, strengthening its market position.

How does this acquisition impact Evolv's growth?

This acquisition enhances Evolv's distribution network and capability to deliver innovative payment solutions, accelerating growth in the Mid-Atlantic region.

What do the CEOs say about the acquisition?

Both CEOs express excitement about the partnership, highlighting shared visions and growth strategies that benefit both companies.

What services does Evolv provide?

Evolv offers a range of payment acceptance solutions, including point-of-sale systems, gateways, and marketing services through its investment in VIV.

How can businesses reach Evolv for services?

Businesses interested in Evolv's services can contact them at 888-311-7248 or visit their website for more information.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.