A fintech company has recently finalized a significant asset sale to Pateno Payments, which is part of the Digital Commerce Group, amounting to $3 million. This transaction was completed on September 17, 2025, and involved various financial adjustments, including a 90-day holdback to address any post-transaction adjustments and debt reconciliation.
As a result of this strategic move, the company successfully paid off its senior debt with 2Shores Capital. The completion of this deal is seen as a crucial step towards the organization’s profitability and sustainable growth. By reducing monthly operational expenses, the company is well-positioned to reach cash neutrality moving forward.
Significantly, the fintech firm will continue to utilize the QRails processing platform, which enables them to provide uninterrupted service to clients while avoiding the costs and complexities associated with maintaining an in-house processing system.
Retaining full ownership of its proprietary AnyDay™ platform, which includes payroll and time and attendance integrations, allows the company to preserve vital customer relationships. Moreover, the core engineering team from QRails has transitioned over to Pateno Payments, which will support ongoing innovation and operational efficiency for both companies involved in this transaction.