Payment Nerds lands $2M debt facility from Espresso Capital

What's the deal? Payment NerdsDealroom has a profile for this one. Try Dealroom →, a Nashville-based merchant services and payment processing company, has secured a $2 million credit facility from Espresso CapitalDealroom has a profile for this one. Try Dealroom →. The non-dilutive financing supports the company's growth without touching its equity structure.

What's the endgame? Founded by payments veteran Shawn Silver, Payment Nerds pitches a more modern, flexible approach to merchant services. It plans to use the capital to expand its sales organization, technology infrastructure, strategic partnerships, and merchant services capabilities.

Why debt? The credit facility gives the company financial flexibility while preserving existing ownership. "This partnership with Espresso Capital gives us additional capital and flexibility to invest in the business at an important stage of our growth," said Silver, founder and chief executive officer.

Who's joining? Payment Nerds recently appointed Jacob Martin as vice president of sales, bringing more than 10 years of payments experience. It also promoted Trae Holthouse to sales manager, part of what the company describes as continued investment in sales leadership.

Behind the lender: Espresso Capital has backed growth-stage technology companies since 2009, offering non-dilutive credit to extend runway and fund expansion. It has worked with hundreds of technology companies and their investors.

The signal: Debt financing is an increasingly common lever for growth-stage companies that want to scale without diluting founders and early backers. For Payment Nerds, the facility marks a bid to build out its team and technology as it competes across retail, e-commerce, and specialized merchant segments.

Image credit: Payment Nerds