Butter Payments has been sold

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Butter Payments has been acquired, former CEO Charles Rosenblatt revealed last week that the deal had closed, but did not disclose the buyer’s name. The company helps businesses manage subscription payments, using machine learning and data on card and payment patterns to analyze the causes of failed payments; Rosenblatt said that competing with large companies such as Stripe would require raising significant amounts of capital, making a sale the more viable option.