Acquisition Criteria

What We Look For

Our criteria are intentionally broad. We'd rather evaluate your business and say no than miss a great opportunity because of an arbitrary threshold.

Payment-Adjacent SaaS

We focus exclusively on software that touches the payment stack — processing platforms, billing tools, invoicing software, payment gateways, ISO/ISV platforms, merchant portals, and related fintech infrastructure.

Recurring Revenue

Subscription or transactional revenue with demonstrated retention. We don't require high NRR, but we do want to see that customers stick around. Even modest MRR with low churn is compelling to us.

Real Customers

At least a handful of paying customers who depend on your product. We don't require enterprise logos — small business clients and niche verticals are often more defensible anyway.

Any ARR Scale

We evaluate businesses from pre-scale ($100K ARR) all the way to $5M+ ARR. We do not have a floor. If you have a real product and real customers, we'll have a conversation.

Profitable or Near Profitable

We prefer businesses that are self-sustaining. Burning heavy to acquire growth is less interesting to us than a lean, profitable product — even a small one.

US-Based Operations

We primarily acquire businesses with US-based operations and customers, though we'll consider platforms with US headquarters serving international markets.

Good Fit

  • Payment processing platforms
  • ISO / ISV software and portals
  • Invoicing and billing SaaS
  • Merchant management tools
  • ACH and bank transfer software
  • Subscription billing platforms
  • Payment reconciliation tools
  • POS-adjacent software
  • Fintech compliance tools
  • B2B payment automation

Not a Fit

  • Pure consumer apps
  • Non-payment SaaS verticals
  • Hardware-only businesses
  • Businesses with no recurring revenue
  • Pre-revenue concepts or idea-stage startups

Not sure?Submit anyway. If we're not the right buyer, we'll say so quickly and may be able to point you in a better direction.

How We Think About Valuation

Revenue Multiple

We typically value payment SaaS at 2–5x ARR depending on growth, retention, and margin profile. We'll explain our logic — no black box.

Net Revenue Retention

High NRR compresses our risk and expands our multiple. Even modest NRR in a stable, low-churn business is valued.

Customer Concentration

We prefer diversified customer bases but won't walk away from concentration if the relationships are durable and contractually anchored.

Think You Might Be a Fit?

Submit your business details and we'll follow up within 48 hours. No fees, no commitment, no broker in the middle.

Submit Your Business