[US] Priority Technology acquires payroll solutions provider Rollfi

In the US, the consumer banking solutions provider Priority Technology has acquired payroll solutions provider Rollfi for an undisclosed sum, Electronic Payments International reports. 

Rollfi helps financial service providers integrate payroll and benefits into their services.

With the backing of Priority, Rollfi partners will reportedly benefit from financial infrastructure, including money movement rails that power over $1tn in commerce, connections with over 20 Tier 1 and regional processing banks and nationwide money transmitter licences.  

Priority is an integrated payments and banking platform that helps businesses simplify financial operations, enhance cash flow and reduce costs. 

Tom Priore - Priority CEO - said, “Payroll is a critical component of any company’s working capital needs. This acquisition unites Priority’s robust financial infrastructure with Rollfi’s innovative payroll and benefits solutions, positioning us to deliver even greater value to our customers by enabling new routes to accelerate their cashflow and optimize their working capital.” 

Kirubha Perumalsamy - Rollfi founder - said, “Joining forces with Priority enables Rollfi to amplify its mission of delivering fast, seamless payroll and benefits solutions. With Priority’s proven infrastructure and expertise in embedded fintech, we can drive even greater innovation and help our partners unlock meaningful growth opportunities for their customers.” 

Source: Electronic Payments International

(Quotes via original reporting)

In the US, the consumer banking solutions provider Priority Technology has acquired payroll solutions provider Rollfi for an undisclosed sum, Electronic Payments International reports. 

Rollfi helps financial service providers integrate payroll and benefits into their services.

With the backing of Priority, Rollfi partners will reportedly benefit from financial infrastructure, including money movement rails that power over $1tn in commerce, connections with over 20 Tier 1 and regional processing banks and nationwide money transmitter licences.  

Priority is an integrated payments and banking platform that helps businesses simplify financial operations, enhance cash flow and reduce costs. 

Tom Priore - Priority CEO - said, “Payroll is a critical component of any company’s working capital needs. This acquisition unites Priority’s robust financial infrastructure with Rollfi’s innovative payroll and benefits solutions, positioning us to deliver even greater value to our customers by enabling new routes to accelerate their cashflow and optimize their working capital.” 

Kirubha Perumalsamy - Rollfi founder - said, “Joining forces with Priority enables Rollfi to amplify its mission of delivering fast, seamless payroll and benefits solutions. With Priority’s proven infrastructure and expertise in embedded fintech, we can drive even greater innovation and help our partners unlock meaningful growth opportunities for their customers.” 

Source: Electronic Payments International

(Quotes via original reporting)