Stax Payments Acquires BlockChyp, Strengthening Its Integrated Payments Ecosystem

Wellesley Hills Financial, a leading investment banking advisory firm, has announced its role as the exclusive financial advisor to BlockChyp in its acquisition by Stax Payments, a prominent payment technology provider. This strategic transaction marks a significant milestone in BlockChyp's growth, integrating its innovative omni-channel ISV platform with Stax's established processing capabilities to deliver enhanced value for its ISV partners and their merchants.

Unlocking the Power of Integrated Payments for Businesses and Software Providers

Combining Cutting-Edge Payment Technology and Streamlined Onboarding

The acquisition brings together BlockChyp's advanced payment gateway, simplified APIs, and streamlined onboarding solutions with Stax's multi-channel, vertically integrated payments platform. This integration will enable businesses and software providers to seamlessly access a comprehensive suite of payment processing capabilities, empowering them to deliver exceptional customer experiences and drive growth.By leveraging BlockChyp's innovative technology and Stax's established processing infrastructure, the combined entity will offer a robust and user-friendly platform that simplifies payment integration and onboarding for merchants. This strategic move will further strengthen Stax's position in the dynamic payments technology landscape, solidifying its commitment to delivering innovative solutions that cater to the evolving needs of its partners and their customers.

Strengthening Leadership and Driving Transformation

As part of the transaction, BlockChyp's co-founders, Jon Decker and Jeff Payne, will join the Stax leadership team, bringing their deep expertise and industry insights to the table. This integration of talent and experience will further bolster Stax's capabilities, enabling the combined entity to navigate the rapidly changing payments ecosystem and drive transformative solutions for its clients."This acquisition is a natural evolution for BlockChyp, and we are excited to be a part of Stax's journey in transforming the payments landscape," commented Jon Decker, co-founder of BlockChyp. "Wellesley Hills Financial's advisory expertise has been instrumental in guiding us through the process, ensuring that we aligned with the right partner for our long-term growth."

Delivering Enhanced Value for Partners and Merchants

The acquisition of BlockChyp by Stax Payments underscores the latter's commitment to driving value for its partners and merchants through innovation, technology, and end-to-end payment solutions. By integrating BlockChyp's cutting-edge payment gateway and simplified APIs, Stax will be able to offer its clients a more comprehensive and streamlined payments ecosystem, empowering them to enhance their customer experiences and drive business growth."Our team at Wellesley Hills Financial is proud to have supported BlockChyp in this important transaction as a continuation of our commitment to support best-in-class payment technology companies in finding the right strategic partnerships," said Anthony Malatesta, Managing Director at Wellesley Hills Financial.This strategic acquisition marks a significant milestone in the evolution of the payments industry, as Stax Payments continues to solidify its position as a leading provider of integrated payment solutions that cater to the diverse needs of businesses and software providers across various sectors.