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Xplor

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“Can a global vertical SaaS and embedded payments platform become the complete financial operating system for SMBs in fitness, wellness, education, and home services by layering capital, and other financial products on top of its payment rails?”

Founded1994
HQAtlanta, Georgia, United States
Latest roundDebt
IndustryVertical SaaS / Payments
The story

Founded in 1994, Xplor (formerly Transaction Services Group) began as a vertical SaaS and payment processing platform targeting education, fitness, and wellness businesses. The 2021 merger with Clearent LLC created Xplor Technologies, a global company integrating SaaS software, embedded payments, and commerce-accelerating technologies across 20 markets. The company's embedded finance strategy has expanded beyond payment processing into capital/lending with the 2025 launch of Xplor Capital via Parafin, positioning it as an end-to-end financial OS for vertical SaaS customers.

Last 12 months
2025-05
Product timeline
1994
Founded as Transaction Services Group, a cloud-based payment processing platform serving education, health/fitness, and boutique wellness industries.· payments
2021
Clearent, LLC merged with Transaction Services Group to form Xplor Technologies, creating a global embedded payments and SaaS platform.· pivot
2023
Xplor operated across North America, Australasia, Asia, Europe, and the UK, serving over 106,000 businesses and processing $37B+ in payments across 20 markets.· payments
2025
Launched Xplor Capital, an embedded financing solution powered by Parafin, enabling SaaS providers to offer business financing directly within their platforms.· lending
The stack
2 layers disclosed in Xplor’s embedded-finance stack
Payments / PSP
Xplor Pay (self-operated)
Lending
in the full report
Accounting gap: none
4 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.