Two Companies Coming Together To Change An Industry
Philadelphia, PA – May 20th, 2026 — TREVOSE, PA & SUGAR LAND, TX Simpay and Exectras today announced a strategic joint venture to expand growth opportunities for businesses, associations, franchises, independent software vendors (ISVs), referral partners, and member-based organizations.
The joint venture combines Exectras’ expertise in payments, employee benefits, business services, and partnership ecosystems with Simpay’s payment processing, point-of-sale, eCommerce, and partner support solutions. Together, they will help businesses simplify payment acceptance, reduce costs, strengthen member engagement, and unlock new partnership-driven revenue.
Doing What’s Right For Business Owners & Families
Joe Cherry, CEO of Exectras, said, “At Exectras, our mission is to deliver meaningful value through benefits that support employees and their families while providing industry-leading payment solutions. This joint venture allows us to offer a world-class payments and benefits solution unlike any other in America. We are changing the payments industry, one member at a time.”
Simpay provides flexible payment solutions across industries, including in-person, online, mobile, POS, dual pricing, and integrated payments. Its partner programs help organizations add value and build recurring revenue.
Lazaros Kalemis, Founder of Simpay, said, “Our vision is to become the premier provider of integrated business services through our signature ‘M&M’ approach: Memberships and Merchant Accounts. By combining exceptional service, advanced technology, and a focus on simplifying operations, we aim to transform the industry.”
Through this joint venture and with Josh Elsass, President of Simpay, running the day-to-day operations, partners, ISOs, ISVs, and clients can expect strong support, innovation, and added value. Elsass said, “Our mission remains the same: serving Main Street merchants nationwide. This partnership helps us build a modern, scalable company that delivers value from employees to end customers.”
The joint venture is expected to support businesses and organizations across healthcare, retail, restaurants, professional services, associations, franchises, and member-based networks. By combining payments, memberships, and partnerships in one offering, Exectras and Simpay aim to help organizations move beyond transactional vendor relationships and adopt a more strategic growth model.
About Exectras
Exectras, Inc. is redefining how businesses manage payments, employee benefits, and business services. Its membership-based platform combines payment technology with solutions designed to reduce costs, improve retention, and help businesses compete more effectively. Exectras is headquartered in Sugar Land, Texas, and is a registered ISO/MSP of Fifth Third Bank, Cincinnati, Ohio. For more information visit www.exectras.com. For media inquiries contact Paul Boggs II, Vice President of Marketing, pboggs@exectras.com.
About Simpay
Simpay is a payment processing and business solutions provider offering in-person, online, mobile, POS, eCommerce, dual pricing, integrated payments, and partner solutions. The company supports small and midsize businesses with secure, scalable payment acceptance, transparent pricing, and industry-specific solutions. Simpay is headquartered in Trevose, Pennsylvania, and is a registered ISO of Citizens Bank and KeyBank, N.A., Providence, Rhode Island. For more information visit www.simpay.net. For media inquiries contact Gary Breeds, Vice President of Marketing, marketing@simpay.net.
