Pineapple Payments, a Pittsburgh payments technology company, has made a portfolio acquisition of Paystri, a payment processing and strategic solutions company based out of Salem, Massachusetts. The transaction unlocks new integrated payment opportunities for the fintech startup.
The terms of the deal were not disclosed.
Paystri will continue to serve integrated software vendors, technology companies and merchants through an exclusive partnership with Pineapple Payments on a go-forward basis. The partnership helps Pineapple grow its ISV channel and provides Paystri with access to Pineapple’s proprietary payments platform, APIs and omni-channel payment tools.
Paystri Founder and CEO Jonathan Arst will continue to oversee Paystri’s operations, managing existing business, software and community bank partnerships, while cultivating new relationships with ISVs.