Aurora Funds, LLC is thrilled to announce the acquisition of One Cost, a Florida-based fintech cost firm. Co-founded by Luis Requejo and Jorge Calzadilla, One Cost boasts over 6,000 retailers in its portfolio with explicit emphasis on minority-owned small and medium sized companies.
With over $1 billion of quantity processed yearly, One Cost provides rapid scale to the Aurora platform by its acquisition. With One Cost’s East Coast presence and extraordinary success promoting into a historically difficult-to-penetrate market, the transaction will diversify Aurora’s distribution channels that develop its go-to-market capabilities.
“The unimaginable year-over-year progress that One Cost has loved has our staff ecstatic about this acquisition,” stated Aurora Funds CEO Brian Goudie. “One Cost provides important worth to Aurora with its roots on the East coast and accelerates our diversified go-to-market technique”.
Based in 2009, One Cost makes a speciality of cost expertise and processing for fast service eating places, retailers, and repair industries amongst others. With its acquisition, they’ll be capable to develop their distribution by leveraging Aurora’s full-service cost ecosystem and proprietary expertise.
“Over the previous 14 years working within the funds area, I’ve met few transformative folks like Brian Goudie who can form the outlook of a company and be a optimistic affect for good. Since 2016, Brian has been instrumental in our success, and he’s the visionary we need to assist propel One Cost by the subsequent stage of our firm’s progress. One Cost is proud to “Rise with Aurora”, as we pave a brand new path for our enterprise, our workers, and our retailers,” stated Luis Requejo co-founder of One Cost.