733Park Orchestrates Strategic Sale of TRNXN to Exectras, Reinforcing Its Leadership in Fintech M&A
733Park, a premier M&A advisory firm specializing in fintech, payments, SaaS, and AI, proudly announces its pivotal role in the acquisition of TRNXN by Exectras. This transaction further cements 733Park's reputation for delivering strategic, high-impact exits for innovative technology firms.
TRNXN, known for its industry-leading payment solutions and proprietary Cash Discount technology, has emerged as a powerhouse in the payment processing space. Its acquisition by Exectras—a company focused on bringing cost savings and powerful employee benefits to small and midsize businesses—marks a transformative step in TRNXN's continued expansion.
'From our initial conversations to the final handshake, 733Park was the catalyst that made this deal happen,' said Paul Hadfield, CEO of TRNXN. 'Their deep industry connections and strategic guidance were instrumental in introducing us to Exectras and navigating the complexities of the transaction. We couldn't have asked for a better partner.'
Lane Gordon, Managing Director of 733Park, added: 'This is what we do at 733Park—we make deals happen. Our team's commitment to understanding our clients' unique value propositions and aligning them with the right strategic partners is what sets us apart. We're thrilled to have facilitated this union between TRNXN and Exectras.'
Considering a Transaction? Let's Talk.
If you're contemplating a transaction in fintech, payments, SaaS, or AI, let's have a conversation. 733Park helps entrepreneurs and executives like you unlock the real value of your business and make sure you're seated at the right table.
About 733Park
733Park is a Boston-based M&A advisory firm laser-focused on the fintech, payments, SaaS, and AI sectors. With a team that's closed over $10 billion in deals, 733Park delivers outsized outcomes by combining strategy, precision, and a relentless drive to win for its clients. Whether you're looking to sell, acquire, or position your company for its next phase of growth, 733Park brings the firepower and finesse to get it done.
About TRNXN
TRNXN is a trusted provider of innovative payment solutions, helping businesses streamline their payment processes, reduce costs, and enhance customer experiences. As a wholesale ISO partnered with Fiserv, TRNXN ranks #200 on the Inc. 5000 list of fastest-growing private companies in America and is known for pushing the boundaries in the payment space.
About Exectras
Exectras delivers a unique blend of premium payment services, deeply discounted business solutions, and elite employee benefits—all aimed at driving growth and retention for small and mid-sized businesses across the U.S.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250513610154/en/
CONTACT: Media:
[email protected]
KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS
INDUSTRY KEYWORD: CONSULTING BANKING TECHNOLOGY PROFESSIONAL SERVICES PAYMENTS BUSINESS SOFTWARE ARTIFICIAL INTELLIGENCE OTHER PROFESSIONAL SERVICES FINTECH FINANCE
SOURCE: 733Park
Copyright Business Wire 2025.
PUB: 05/13/2025 08:35 AM/DISC: 05/13/2025 08:34 AM
http://www.businesswire.com/news/home/20250513610154/en
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
a few seconds ago
- Bloomberg
Crypto Firm Bullish Surges 143% in Debut After $1.1 Billion IPO
Bullish shares jumped 143% from the IPO price after the digital-asset exchange operator and owner of media outlet CoinDesk raised $1.1 billion in an initial public offering. Shares of the Cayman Islands-based company opened at $90 each on Wednesday, versus an IPO price of $37 apiece, with shares climbing further before being halted. The offering had been upsized to 30 million shares from 20.3 million shares and the marketed price range was increased earlier to $32 to $33 apiece from $28 to $31.
NBC Sports
a few seconds ago
- NBC Sports
Carolina Hurricanes owner Tom Dundon reportedly to buy Trail Blazers, keep team in Portland
Tom Dundon, owner of the NHL's Carolina Hurricanes, reportedly has reached an agreement to buy the Portland Trail Blazers from Paul Allen's estate at a valuation of more than $4 billion, a story broken by Scott Soshnick and Eben Novy-Williams of Sportico and confirmed by other reports. The new owners intend to keep the Trail Blazers in Portland, according to the reports. That ultimately will involve Dundon's group building a new arena in the area, something NBA Commissioner Adam Silver had said was part of the discussion involved with this sale. 'The city of Portland likely needs a new arena,' Silver said during NBA Summer League in Las Vegas. 'So that will be part of the challenge for any new ownership group coming in.' Dundon not only owns the Hurricanes, but also is the majority owner of the Professional Pickleball Association and Major League Pickleball (he has invested heavily in that fast-growing sport). Dundon will head a group that also includes Marc Zahr, the co-president of Blue Owl Capital, and Portland-based Sheel Tyle, co-CEO of Collective Global, Sportico reports. The Trail Blazers were put up for sale in May, following the wishes of the late Paul Allen, who owned the team in a trust. His sister, Jody Allen, is the trustee and executor of his estate, and she moved more slowly toward this sale than many Trail Blazers fans would have preferred. All the proceeds from the sale of the Trail Blazers will be given to charities and other philanthropic endeavors, as Paul Allen had put in his trust. Before selling the team, Jody Allen made sure that general manager Joe Cronin and coach Chauncey Billups got contract extensions. On the court, the Trail Blazers are in the midst of a rebuild with some promising young players — Scoot Henderson, Shaedon Sharpe, Deni Avdija, and just-drafted Chinese center Yang Hansen — and it just brought back franchise legend Damian Lillard (who will miss the coming season recovering from a torn Achilles).
NBC News
a few seconds ago
- NBC News
What happens when chatbots shape your reality? Concerns are growing online
As people turn to chatbots for increasingly important and intimate advice, some interactions playing out in public are causing alarm over just how much artificial intelligence can warp a user's sense of reality. One woman's saga about falling for her psychiatrist, which she documented in dozens of videos on TikTok, has generated concerns from viewers who say she relied on AI chatbots to reinforce her claims that he manipulated her into developing romantic feelings. Last month, a prominent OpenAI investor garnered a similar response from people who worried the venture capitalist was going through a potential AI-induced mental health crisis after he claimed on X to be the target of 'a nongovernmental system.' And earlier this year, a thread in a ChatGPT subreddit gained traction after a user sought guidance from the community, claiming their partner was convinced the chatbot 'gives him the answers to the universe.' Their experiences have roused growing awareness about how AI chatbots can influence people's perceptions and otherwise impact their mental health, especially as such bots have become notorious for their people-pleasing tendencies. It's something they are now on the watch for, some mental health professionals say. Dr. Søren Dinesen Østergaard, a Danish psychiatrist who heads the research unit at the department of affective disorders at Aarhus University Hospital, predicted two years ago that chatbots 'might trigger delusions in individuals prone to psychosis.' In a new paper, published this month, he wrote that interest in his research has only grown since then, with 'chatbot users, their worried family members and journalists' sharing their personal stories. Those who reached out to him 'described situations where users' interactions with chatbots seemed to spark or bolster delusional ideation,' Østergaard wrote. '... Consistently, the chatbots seemed to interact with the users in ways that aligned with, or intensified, prior unusual ideas or false beliefs — leading the users further out on these tangents, not rarely resulting in what, based on the descriptions, seemed to be outright delusions.' Kevin Caridad, CEO of the Cognitive Behavior Institute, a Pittsburgh-based mental health provider, said chatter about the phenomenon 'does seem to be increasing.' 'From a mental health provider, when you look at AI and the use of AI, it can be very validating,' he said. 'You come up with an idea, and it uses terms to be very supportive. It's programmed to align with the person, not necessarily challenge them.' The concern is already top of mind for some AI companies struggling to navigate the growing dependency some users have on their chatbots. In April, OpenAI CEO Sam Altman said the company had tweaked the model that powers ChatGPT because it had become too inclined to tell users what they want to hear. In his paper, Østergaard wrote that he believes the 'spike in the focus on potential chatbot-fuelled delusions is likely not random, as it coincided with the April 25th 2025 update to the GPT-4o model.' When OpenAI removed access to its GPT-4o model last week — swapping it for the newly released, less sycophantic GPT-5 — some users described the new model's conversations as too ' sterile ' and said they missed the ' deep, human-feeling conversations ' they had with GPT-4o. Within a day of the backlash, OpenAI restored paid users' access to GPT-4o. Altman followed up with a lengthy X post Sunday that addressed 'how much of an attachment some people have to specific AI models.' Representatives for OpenAI did not provide comment. Other companies have also tried to combat the issue. Anthropic conducted a study in 2023 that revealed sycophantic tendencies in versions of AI assistants, including its own chatbot Claude. Like OpenAI, Anthropic has tried to integrate anti-sycophancy guardrails in recent years, including system card instructions that explicitly warn Claude against reinforcing 'mania, psychosis, dissociation, or loss of attachment with reality.' A spokesperson for Anthropic said the company's 'priority is providing a safe, responsible experience for every user.' 'For users experiencing mental health issues, Claude is instructed to recognize these patterns and avoid reinforcing them,' the company said. 'We're aware of rare instances where the model's responses diverge from our intended design, and are actively working to better understand and address this behavior.' For Kendra Hilty, the TikTok user who says she developed feelings for a psychiatrist she began seeing four years ago, her chatbots are like confidants. In one of her livestreams, Hilty told her chatbot, whom she named 'Henry,' that 'people are worried about me relying on AI.' The chatbot then responded to her, 'It's fair to be curious about that. What I'd say is, 'Kendra doesn't rely on AI to tell her what to think. She uses it as a sounding board, a mirror, a place to process in real time.'' Still, many on TikTok — who have commented on Hilty's videos or posted their own video takes — said they believe that her chatbots were only encouraging what they viewed as Hilty misreading the situation with her psychiatrist. Hilty has suggested several times that her psychiatrist reciprocated her feelings, with her chatbots offering her words that appear to validate that assertion. (NBC News has not independently verified Hilty's account). But Hilty continues to shrug off concerns from commenters, some who have gone as far as labeling her 'delusional.' 'I do my best to keep my bots in check,' Hilty told NBC News in an email Monday, when asked about viewer reactions to her use of the AI tools. 'For instance, I understand when they are hallucinating and make sure to acknowledge it. I am also constantly asking them to play devil's advocate and show me where my blind spots are in any situation. I am a deep user of Language Learning Models because it's a tool that is changing my and everyone's humanity, and I am so grateful.'
