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LLR Partners and Celero Commerce invest in UMS Banking

PHILADELPHIA, PA - December 3rd, 2018 - LLR Partners announced the formation of Celero Commerce (“Celero”) a vertically-focused, integrated commerce solutions provider. Kevin Jones, the incoming president of the Electronic Transactions Association (“ETA”) and founder and former CEO of Anovia Payments, will serve as Celero’s Chief Executive Officer. As part of the formation of the company, Celero has made a strategic investment in UMS Banking (“UMS”), a full-service merchant acquirer, which will provide the core payment processing infrastructure for Celero...

Residuals for Sale is a division of 773Park, a boutique M&A firm specializing in payments, fintech and SaaS mergers and acquisitions, deal sourcing, and advisory services.

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