Harlow Payments has acquired Payfactory for an undisclosed amount, marking a significant expansion in the payment facilitation sector. The acquisition sees Harlow Payments integrate Payfactory’s specialized embedded payment facilitation (payfac) services, which are designed for Independent Software Vendors (ISVs) and Software-as-a-Service (SaaS) companies.
Payfactory is known for its gateway-friendly platform, which seamlessly integrates with various software systems. This technology allows partners to implement payment facilitation with minimal development effort, thereby reducing integration costs and enabling them to quickly establish new revenue streams. Founded by payment industry veterans, Payfactory emphasizes making integrated processing simple, frictionless, and fast, while upholding high standards of security, customer service, and human support.
This strategic acquisition by Harlow Payments is expected to enhance its capabilities in offering comprehensive payment solutions. By incorporating Payfactory’s expertise, Harlow Payments aims to strengthen its position in the embedded payments market, particularly serving the growing demand from ISVs and SaaS providers for streamlined and efficient payment processing. The move is anticipated to broaden Harlow Payments’ product portfolio and extend its reach within the integrated payments ecosystem.
The combination of both entities is projected to create synergies through shared technological infrastructure and market insights. Harlow Payments can leverage Payfactory’s platform to deliver more agile and developer-friendly payment solutions, while Payfactory’s partners stand to benefit from Harlow Payments’ broader resources and operational scale. This integration is set to foster innovation in payment processing, offering partners enhanced tools for secure and efficient transactions.
Looking ahead, the combined entity is poised to deliver a more robust and integrated suite of payment services. The acquisition is expected to accelerate growth by providing a more compelling value proposition to ISVs and SaaS companies seeking to embed payment capabilities directly into their software, ultimately simplifying the payment experience for their end-users.