Evolv Strengthens Market Position Through Future Payments Acquisition

Evolv's Strategic Move with Future Payments Acquisition

Evolv, a leader in payment acceptance solutions recognized for serving over 16,000 businesses, recently made an impactful announcement regarding its strategic acquisition of Future Payments. With the prospect of processing approximately $6 billion in payments annually, this significant merger aims to redefine the payments landscape, introducing innovative and enhanced payment solutions to the market.

A New Chapter for Future Payments

As a result of the acquisition, Future Payments has been rebranded as Evolv Nashville. This rebranding reflects the combined strength of both companies and will enhance Evolv's distribution capabilities. With this new partnership, Evolv is well-positioned to optimize its operational efficiencies and expand its market reach.

Vision of Partnership

Brad Hollar, COO of Future Payments, expressed a shared vision, stating, "Evolv's commitment to innovation and support mirrors our goals at Future Payments. Together, we're set to make an even greater impact in the payments space." His words illustrate the collaborative spirit underpinning this acquisition.

Embracing Growth and Innovation

Shay Horseman, CEO of Future Payments, emphasized the benefits of joining Evolv, highlighting how the combined resources and expertise would allow them to expand their offerings rapidly. "The added resources and expertise empower us to grow exponentially while continuing our mission at an incredible pace," Horseman remarked, showcasing the optimistic outlook for their future together.

The Strategic Value of the Merger

John Johnson, Chief Development Officer at Evolv, underlined the importance of this partnership. He mentioned, "Our collaboration with Future Payments demonstrates the power of aligned interests. This merger enhances our ability to serve clients in an evolving payments landscape." The seamless cultural integration of the teams at Evolv and Future Payments signals a promising future filled with opportunities.

Commitment to Innovation

Allan Noe, CEO of Evolv, shared his thoughts on the partnership, emphasizing how the combined expertise of both teams will translate into exceptional value for merchants. Noe stated, "This collaboration enables us to combine our strengths and deliver innovative solutions that help merchants thrive in a rapidly changing marketplace." This commitment to fostering lasting partnerships illustrates Evolv's dedication to continued excellence in service.

About Evolv

Evolv, founded in 1998, partners with banks, associations, and sales offices to provide state-of-the-art payment acceptance solutions. As a multi-processor sales office, Evolv presents a diverse range of products, including point-of-sale systems, gateways, and payment terminals, contributing to the growth and stability of businesses nationwide.

Expansion into Digital Marketing

In 2017, Evolv took a significant step forward by investing in VIV, a digital marketing agency. This strategic move allowed Evolv to broaden its service portfolio to include website development, social media management, and paid advertising. By diversifying its offerings, Evolv enhances its capability to help businesses optimize their sales and reduce operational costs.

About Future Payments

Future Payments, established in early 2024 by Shay Horseman and Brad Hollar, quickly carved out a niche in the payments industry. Within a short span, they formed critical partnerships and expanded their network of agents across the United States. Reflecting on their acquisition by Evolv, Horseman noted, "This merger strengthens Future Payments within the Evolv brand, giving us the resources to scale exponentially and achieve our vision faster." The future looks promising as they join forces to enhance their impact in the payments sector.

A Bright Future Together

As Evolv and Future Payments unite, they represent a forward-thinking partnership designed to reshape the payments industry landscape. Both companies are strategically aligned to deliver innovative solutions, ensuring success for their clients and the broader marketplace.

Frequently Asked Questions

What does the acquisition of Future Payments mean for Evolv?

The acquisition will enhance Evolv's distribution capabilities, allowing for innovative payment solutions and significant growth in the market.

Who are the key figures in Future Payments?

Shay Horseman and Brad Hollar are the founders of Future Payments and play critical roles in the newly formed Evolv Nashville.

What are the primary services offered by Evolv?

Evolv offers a wide range of payment acceptance solutions, including point-of-sale systems, payment gateways, and payment terminals.

When was Evolv founded?

Evolv was founded in 1998 and has since become a leader in providing payment solutions.

How does this merger benefit clients?

The merger provides clients access to enhanced resources, innovative solutions, and a commitment to excellence in service.

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