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Vanco Payment Solutions
Vanco Payment Solutions processes donations for 25,000+ churches and nonprofits across the US. Founded 1998, merged 2014, headquartered in Bloomington, MN.
Vanco Payment Solutions
Vanco Payment Solutions traces its roots to Vanco Services, founded in 1998 in Minneapolis to enable ACH payments for churches. The company merged with Veracity Payment Solutions in 2014, creating the current entity with dual headquarters in Bloomington, MN, and Atlanta, GA. The combined firm adopted the Vanco name in 2015 and today serves over 25,000 organizations. The company's core offering is payment processing for faith-based and nonprofit organizations, covering online, mobile, POS, and recurring donations. It integrates with over 60 church management and nonprofit software systems (per the firm, 2015). In 2015, Vanco reported processing $13.1 billion in annual transactions across its client base. Geographic focus is entirely US-based, with a 2018 expansion into Canada and subsequent acquisitions in the education market. Vanco employs teams across the US and in three countries total, but does not disclose total headcount. Adjacent vehicles include Connexeo (a 2018 merger) and acquired subsidiaries Smartcare (childcare software) and Food Service Solutions (education). In 2021, the firm launched Vanco Live, a virtual church engagement platform combining streaming, giving, and member interaction (per the firm, 2021). Vanco's structural differentiator is its narrow focus on the faith-based and nonprofit vertical. Unlike broad payment processors, it builds integrations specific to church and charity management software. Its PCI Level 1 compliance (since 2007) and long-term contracts without commitment fees create a low-friction switch for organizations new to digital giving.
General information
Firm type
other
Year founded
1998
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Bloomington
Corporate office
5600 American Blvd W., Suite 730, Bloomington, MN 55437, United States
Additional offices
Atlanta, United States · Minneapolis, United States
Sector focus
Frequently asked questions
Who are Vanco's primary customers?
Vanco serves over 25,000 faith-based organizations, nonprofits, and community organizations nationwide (per the firm). The company's payment processing and financial management software is designed for churches and charities, not for general business or e-commerce.
How does Vanco differentiate from broad payment processors like Stripe or Square?
Vanco focuses exclusively on the faith-based and nonprofit sector. It integrates with over 60 church-management software platforms and offers features like pledge tracking, recurring donations, and event registration. The company does not target retail or general service businesses.
Does Vanco offer a mobile giving app?
Yes. Vanco released Vanco Mobile in 2020 (per the firm, 2020), a free app for churches to connect with members, collect donations, and host virtual services. The app is designed to simplify giving without requiring an IT department.
What is Vanco's ownership structure?
Vanco is a private company, formed by the merger of Vanco Services and Veracity Payment Solutions in 2014 (per the firm). It does not disclose its ownership or whether it is part of a larger family office or private equity portfolio.
Has Vanco made any recent acquisitions?
Yes. In 2020, Vanco acquired Smartcare, a childcare software provider, and in 2019 it purchased Food Service Solutions to expand in the education market (per the firm, 2020). These acquisitions added billing and payment management capabilities for schools and daycare centers.
Where is Vanco headquartered?
Vanco's headquarters is located at 5600 American Blvd W., Suite 730, Bloomington, MN 55437 (per the firm). The company also maintains offices in Atlanta, GA, and Minneapolis, MN, with teams across three countries.
What is Vanco's transaction volume?
In 2015, Vanco reported processing $13.1 billion in transactions per year (per the firm). The company has not disclosed a more recent volume, but its client base has grown from 30,000 in 2015 to over 25,000 today (the figure varies by page, likely reflecting different counting methods).
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