Eden Prairie, MN – Ready Credit Corporation (“Ready Credit” or the “Company”), a fintech leader providing payment solutions that support the ecosystems of cashless operations, has been acquired by Clarion Capital Partners. Hennepin Partners acted as Ready Credit’s exclusive financial advisor and Stinson LLP served as legal counsel. The terms of the transaction were not disclosed.
Headquartered in Minnesota, Ready Credit is a provider of innovative software and hardware solutions and supporting services that enable businesses to transition to cashless operations. Ready Credit’s cashless payment solutions serve hundreds of blue-chip clients across several different end markets, including all of the leading domestic and international airlines and airports, 100+ professional league sports venues, leading national family entertainment and theme/amusement park chains, universities and colleges, healthcare facilities, restaurant and hotel chains, event centers, movie theaters, museums, and other specialty attractions.
The new partnership will help Ready Credit accelerate growth as more merchants transition to cashless operations, and will drive further investment into Ready Credit’s solutions, employees, and internal infrastructure. Ready Credit plans to enhance its payment solution capabilities, penetrate new customer end markets, and expand geographies as part of its long-term strategy to be a best-in-class payment solutions provider for its customers.
“This transaction is a natural evolution of Ready Credit’s rapid market adoption over the last few years,” said Ready Credit’s CEO, Brian Hedberg. “With this partnership, we expect to enhance our current service offerings to meet the needs of our growing customer base.”
Matthew Feldman, Managing Director at Clarion Capital Partners, stated, “Ready Credit’s market-leading position, proprietary technology, and exceptional customer value proposition attracted us to the business and is what provides a great opportunity for expansion. We are excited to partner with Brian and the management team to sharpen their strategy and enhance Ready Credit’s offering of cash-to-digital payment solutions.”
“Clarion’s long-term investment approach is a great match for the opportunity that lies ahead of Ready Credit and is exactly what the company needs to extend its leadership position in the future,” said Tim Walsh, Ready Credit’s Founder and Executive Chairman.
Regarding Hennepin Partners, Walsh added “Hennepin Partners was a great partner for us in every phase of the transaction. They devoted the time and expertise to understand our business and put forth an incredible effort so that we achieved a successful transaction. I was thoroughly impressed by their entire team.”