Celero Commerce Acquires SONA
August 06 2024 - 9:00AM
Business Wire
Top 10 American non-bank payment processor enters Canadian
market via acquisition of Halifax-based firm
Celero Commerce (“Celero”), Tennessee’s fastest-growing
financial services company (INC 500), today announced the
acquisition of SONA, a provider of electronic payments technology
to businesses across Canada. With the addition of Halifax Nova
Scotia-based SONA, Celero will process approximately $26 billion in
annual card volume across North America.
Founded in 2016, SONA offers payment solutions for small and
medium-sized merchants, providing them with pricing transparency,
impeccable customer service, and state-of-the-art technologies. The
company primarily serves merchants via partnerships with financial
institutions (Credit Unions) and Independent Software Vendors.
“Since day one we have delivered pricing certainty, competitive
rates and high-quality support to our customers,” stated Ryan
O’Leary, founder of SONA. “We take immense pride in being one of
the most reputable brands in the Canadian payments ecosystem. We
are excited to join the Celero team, enhancing the innovative and
customer-centric technology and product solutions we provide our
customers.”
"SONA offers a strategic avenue for Celero’s geographic
expansion into Canada," said Celero founder and Chief Executive
Officer Kevin Jones. "This acquisition provides a robust platform
to bolster international growth through our core distribution
channels. These include partnerships with financial institutions
and integration with business management software, which are vital
in supporting the efficiency and scalability of small to mid-sized
businesses. The alignment of our team cultures further fuels our
enthusiasm for this partnership. We are thrilled to welcome the
SONA team to the Celero family."
MAPP Advisors, a fintech advisory firm, advised SONA on the
transaction.
About Celero Commerce
Headquartered in Nashville, Celero Commerce is a full-service,
integrated electronic commerce solutions provider powered by
leading-edge technology, strategic partnerships, and business
intelligence. Celero offers small and medium-sized businesses
payment processing services, business management software, and data
intelligence, empowering them to drive growth and profitability.
Celero is a top-ten non-bank processor of electronic payment
transactions in the world. Visit https://www.celerocommerce.com/ to
learn more.
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Celero Commerce Scott Farace, Chief Marketing Officer
scottf@celerocommerce.com 972-533-5655