The Pay-O-Matic Corp. (“POM”) is the largest check cashing and financial service provider focused on the under-banked market in New York State. In addition to 128 retail locations, the Company also owns an armored car subsidiary, Rapid Armored. The Company was formed through the simultaneous acquisition of Pay-O-Matic Corp. with 100 locations and C.L.B. Check Cashing, Inc. (“CLB”) with 28 locations. The two businesses have been combined and operate under the Pay-O-Matic brand name.
Founders Equity sponsored the buyout through Founders Equity SBIC I, L.P. and Founders Equity NY L.P., whose limited partner is the New York State Common Retirement Fund, along with co-investors.
Founders Equity Inc
545 Fifth Avenue, Suite 401
New York, NY 10017 Tel: (212) 554-3457 Email: email@example.com