Celero Commerce, a payments firm backed by LLR Partners, is looking for a buyer and is valued at around $600M. The company has been highly acquisitive, completing 10 acquisitions since 2018. This comes during a slow M&A period due to economic uncertainties. Meanwhile, Finexio, a fintech focused on automating accounts payable, is raising a minority investment, having already secured $83.5M. Despite a trend toward digital payments, many businesses still use traditional methods.
Key Points:
- Celero could sell for $600M, with ongoing private equity interest.
- Finexio seeks minority investment to further expand its payment solutions.
- M&A activity has slowed ahead of U.S. elections.
