Three-year-old business services provider FeeFighters has been acquired by daily deals giant Groupon for an undisclosed sum.
“Our goals have always been to help small businesses run more efficiently, and by teaming up with Groupon, a pioneer in local e-commerce, we are able to execute on that goal even better than we were as an independent company,” FeeFighters co-founder and CEO Sean Harper said Friday in statement.
Chicago-based FeeFighters operates a reverse auction marketplace where small business owners can pick a merchant for credit card processing. The company also offers its own payment gateway. The products will remain operable, Harper said.
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The obvious connection between the two companies is their joint interest in catering to the needs of small business owners. Groupon has, of late, demonstrated a strong interest in developing tools for its merchant community and just launched a scheduling tool (the product of a previous acquisition) for taking online reservations. In theory, Groupon could employ FeeFighters to help merchants process payments when customers book appointments.
FeeFighters had raised more than $1.5 million in Angel and seed funding prior to its sale. Groupon confirmed the acquisition to VentureBeat but did not disclose terms of the deal and declined to provide additional comment.
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