Deluxe Makes $625M Acquisition

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The acquisition of Celero Commerce should accelerate its transition to a fintech company.

Deluxe to buy fintech company Celero Commerce for $625M

The $625 million acquisition of the Nashville fintech firm will shift the Minneapolis company's revenue mix toward its growing payments and data segments.

Deluxe makes $625M acquisition

The paper check company seeking to evolve its business is purchasing payments processor Celero to boost its non-check revenue.

Deluxe Looks to Buy Celero in a Bid to Bulk up in Payments

Celero Commerce, an active buyer of other payments companies across its relatively brief time in the transaction-processing business, is itself the target of an acquisition in a $625-million deal announced early Thursday. The buyer is Deluxe Corp., which sees the acquisition bulking up its position in providing payments and data services. Combined, the two companies processed about $70 billion in volume last year, which would indicate the merger…

Deluxe to Acquire Celero Commerce, Accelerating Transformation Toward Payments and Data Solutions Scale

Advances revenue mix shift toward higher growth Payments and Data segments Expands presence across existing and new