Fattmerchant, a payment technology provider saving businesses thousands with its subscription-based model, announces $5.5 million in additional funding, provided by Atlanta-based Fulcrum Equity Partners, along with a $1 billion transactional milestone. This latest round allows Fattmerchant founders, Sal Rehmetullah and Suneera Madhani, to expand across the U.S. in addition to their Orlando hub, advance technology to make credit card processing more efficient for businesses, and continue taking on key partners to further increase Fattmerchant's growth and customer count.

"As the demand for streamlined Fintech payment services continues to increase, Fattmerchant has been modernizing omni-channel integrated payments to merchants for the past few years," said Jim Douglass of Fulcrum Equity Partners. "Our goal is to work with innovators that can not only build great technology to change up an important industry, but manage the logistics to do it well. We look forward to seeing Fattmerchant continue to grow on a national level."

The company will use the funding for continued product and technological developments, marketing, and customer acquisition for a truly holistic growth strategy. These new developments allow Fattmerchant to expand its reach and continue to help businesses of all sizes across the nation improve efficiency and save thousands on credit card processing costs.

In addition to the recent funding, the award-winning merchant services provider also reached $1 billion in transactional volume, meaning it's helped its subscribing merchants accept that amount in payments since opening its doors in 2014. Fattmerchant has grown 2000 percent since its first year in business in 2014. 

"Both our funding and newest milestone announcements exemplify Fattmerchant's mission to improve the payments experience for businesses everywhere," said Suneera Madhani, CEO and founder of Fattmerchant. "Our team is extremely proud of our accomplishments and looks forward to continuing to raise the bar of merchant processing success and accountability by offering omni-channel integrated payments to businesses of all sizes."