Total Merchant Resources Shark Tank Net Worth 2023
Total Merchant Resources Shark Tank Net Worth
The valuation of Total Merchant Resources was $1 million when it appeared on Shark Tank. The net worth of Total Merchant Resources is $5 million as of 2023.
TMR co-founders Jason Reddish and Val Pinkhasov have a net worth of 2.5 Million USD as of 2023.
Total Merchant Resources (TMR) appeared on the Oct. 25, 2013, edition of the popular venture funding game show Shark Tank and walked away with $200,000 in capital and a new celebrity business partner.
Since appearing on Shark Tank, Total Merchant Resources has experienced tremendous growth and success. They have secured additional funding and partnerships, leading to an estimated net worth of 5 Million USD as of 2023.
What are Total Merchant Resources? Who are the Founders of Total Merchant Resources?
Total Merchant Resources is a company that provides working capital loans to small businesses for various purposes, such as repairs, short-term payroll needs, growth, inventory, and more.
They specialize in the merchant processing industry, helping businesses set up the ability to accept credit and debit card payments.
They also offer additional services that may be beneficial to businesses, not just those that have been on Shark Tank.
Additionally, the company is factoring credit card receivables, which means they purchase future credit card receivables from a company at a discounted rate and pay them in cash upfront.
This allows companies to obtain operating capital without needing a bank loan, which can be especially beneficial for businesses with a high volume of credit card transactions.
The founders of Total Merchant Resources are Jason Reddish and Val Pinkhasov, both mortgage industry veterans.
Total Merchant Resources Shark Tank Pitch
During Season 5 Episode 6 of Shark Tank, the founders of Total Merchant Resources, Jason and Val, presented their business and asked the Sharks for $200,000 in exchange for 20% equity, valuing the company at $1 million.
They explained their unique funding options for small businesses and how they collect loan payments through credit card processing, which enables them to acquire 74% of their client’s credit card processing business.
Although the Sharks raised concerns, Daymond and Kevin showed interest in working with the company. Kevin was willing to invest $200,000 but wanted a 50% stake in the company.
Eventually, Jason and Val made a counter-offer of $250,000 for 25%, which Kevin rejected.
He promised to quadruple their annual earnings if he partnered with them, and in the end, Jason and Val agreed to Kevin’s original offer of $200,000 for 50% of the company.
After the episode aired, Total Merchant Resources experienced a significant 500% increase in business. They expanded their services beyond credit card receivables to include ACH payments and point-of-sale systems for small businesses.
The partnership with Kevin O’Leary opened up new opportunities for the company, and they grew to become a global business serving entrepreneurs worldwide.
As of November 2021, Total Merchant Resources reported $5 million in yearly sales, indicating a steady growth trajectory for the company.
What is the Net Worth of Total Merchant Resources?
Jason and Val appeared on Shark Tank Season 5 Episode 6 and asked for $200,000 for 20% of their company, valued at $1 million at the time.
They later accepted an offer from Kevin O’Leary for $200,000 for 50% of the company. Since then, the company has grown, and its current valuation is unknown, but we can expect it to be higher than $1 million as the company has grown.
Who are the Competitors of Total Merchant Resources?
Total Merchant Services’ top competitors are; Capital Processing Network, Cardservice International, BancCard, Electronic Merchant Systems, PaymentSense, International Bancard, Gravity Payments, and UBC Bank Card.
Total Merchant Resources Shark Tank Updates
Total Merchant Resources (TMR) is a New Jersey-based company that specializes in maximizing business owners’ cash flow.
TMR operates similarly to the Sharks in Shark Tank but on a much smaller scale. The founders of TMR, Val and Jason, describe themselves as “mini sharks”.
In their Shark Tank pitch, they demanded an investment of $200K for 20% of TMR. Lori Greiner was unsure and exited, while Robert Herjavec withdrew, stating that this was not a market for him.
Despite the lack of concrete information, TMR remains open to this day. The Shark Tank effect gave great popularity to the TMR business, and the company has seen its business grow by 500 percent since being featured on the show.
In December 2022, TMR made a deal on Shark Tank for $4 million. However, it is unclear which Shark made the deal and what the terms of the deal were.
It is important to note that many merchants use the names and images of Shark Tank and the Sharks in an attempt to sell their products.
While many products claim to have been on Shark Tank, that is not always true. To see a full list of the products that appeared on ABC’s Shark Tank, viewers can visit the ABC website.
Summary Table Total Merchant Resources
| PARAMETER | VALUE |
| Company Name | Total Merchant Resources |
| Shark Tank Appearance Date | October 25, 2013 |
| Funding Received on Shark Tank | $200,000 for 50% equity |
| Valuation of Shark Tank | $1 million |
| Current Net Worth | $5 million |
| Founders’ Net Worth | $2.5 million each |
| Annual Sales (as of Nov. 2021) | $5 million |
| Competitors | Capital Processing Network, Cardservice International, BancCard, Electronic Merchant Systems, PaymentSense, International Bancard, Gravity Payments, and UBC Bank Card |
| Shark Tank Update | Made a deal for $4 million in December 2022, but unclear which Shark made the deal and what the terms were |
| Company Description | Provides working capital loans to small businesses for various purposes; specializes in the merchant processing industry and factoring credit card receivables |
Total Merchant Resources FAQS
Who founded Total Merchant Resources?
Jason Reddish and Val Pinkhasov founded total Merchant Resources.
What Is Total Merchant Resources And What Do They Do?
Total Merchant Resources is a company that provides alternative finance solutions to help businesses obtain funds promptly and effectively.
The company handles credit card processing on behalf of the business and receives a percentage of sales until the loan is repaid. Credit card processing and fund lending are the two main services of Total Merchant Resources.
The company was founded by Jason Reddish and Val Pinkhasov, both veterans of the mortgage sector, to provide working capital for small businesses for repairs, payroll needs, expansion, inventory, and other needs. Total Merchant Resources generates annual revenue of $5 million as of 2022.
Total Merchant Resources is in the credit card receivables factoring business. This means they buy future credit card receivables at a discount from a business and give them a lump sum, cash distribution.
This allows businesses to get access to working capital to expand or purchase inventory without waiting for the credit card payments to come in.
The company has expanded beyond credit-card receivables and now offers loans programs that include ACH payments, as well as Point of Sale systems for small businesses.
Total Merchant Resources appeared on Shark Tank and received a $4 million deal. Since partnering with Kevin O’Leary, the company has seen significant growth, with its business growing by 500%.
The company has provided franchise loans to companies such as Taco Bell, Burger King, Subway, Midas, KFC, and Dunkin Donuts. However, there have been no recent updates on the company’s progress on the show.
What Was The Outcome Of Total Merchant Resources’ Appearance On Shark Tank?
Total Merchant Resources, a merchant cash advance provider, appeared on Shark Tank seeking $200,000 in exchange for a 20% stake in the company.
The sharks were initially resistant to the offer, but Kevin O’Leary, also known as “Mr. Wonderful,” agreed to invest $200,000 for a 50% equity stake. The deal was made, and O’Leary became a celebrity business partner of Total Merchant Resources.
After the appearance on Shark Tank, Total Merchant Resources received exposure that they believed was worth it. The company was among approximately 150 small business owners and entrepreneurs out of 37,000 applicants to be picked to pitch on the show.
The co-founders provided an audition tape and underwent a rigorous application process that included financial statement reviews and background checks.
The panelists on Shark Tank knew nothing about Total Merchant Resources or its merchant cash advance product, but they responded positively to the co-founders’ value proposition.
Total Merchant Resources is a “me too” player in the highly commoditized and competitive alternative-lending industry.
As a loan broker, the author knows quite a bit about the cash-advance industry and believes that Total Merchant Resources is not unique.
However, the co-founders of Total Merchant Resources expected the new partnership with O’Leary to strengthen the market.
What Is The Current Status Of Total Merchant Resources After Shark Tank?
Total Merchant Resources is a corporation that provides small businesses with working capital for repairs, short-term payroll needs, expansion, inventory, and other objectives.
The company appeared on Shark Tank Season 5 Episode 6 and requested $200,000 for a 20% stake in their firm, which translates to a $1 million valuation.
Since appearing on Shark Tank, Total Merchant Resources has experienced tremendous growth and success. The company has secured additional funding and partnerships, leading to an estimated net worth of 5 Million USD.
According to, Total Merchant Resources has seen its business grow by 500 percent since being featured on Shark Tank.
Kevin O’Leary’s strategic partnership expanded the partners’ business opportunities, and Total Merchant Resources has become a multinational company that serves entrepreneurs worldwide. The company also provides Point of Sale systems to retailers.
Total Merchant Resources specializes in maximizing business owners’ cash flow in New Jersey. The company operates similarly to the Sharks in Shark Tank but on a much smaller scale.
The one main requirement to get a loan from Total Merchant Resource’s is having a minimum of $5,000.00 in credit card sales each month.
Total Merchant Resources owners Jason Reddish and Val Pinkhasov specialize in Alternative Business Financing which makes loans in as little as 3 to 5 days backed by credit card sales.
In conclusion, Total Merchant Resources has experienced significant growth and success since appearing on Shark Tank. The company has expanded its loan program to include ACH payments and Point of Sale systems for small businesses.
The company has also become a multinational corporation that serves entrepreneurs worldwide. Total Merchant Resources specializes in maximizing business owners’ cash flow in New Jersey and makes loans in as little as 3 to 5 days backed by credit card sales.
How much were they seeking in the Shark Tank?
The duo asked for $200,000 for 20% of the company.
Did they get the deal from the Sharks?
They got it and signed the deal with Kevin.
How much was the deal?
Kevin offered $200,000 for 50% of the company.
What Happened to Total Merchant Resources after shark tank?
Since appearing on Shark Tank, Total Merchant Resources has witnessed a 500% spike in business.
Beyond credit card receivables, the pair of entrepreneurs have expanded their lending program to incorporate ACH payments and Point of Sale systems for small companies.
Is Total Merchant Resources still in business?
Yes, it is a thriving company with $5 million yearly sales as of 2021.
Where are Total Merchant Resources offices located?
Total Merchant Services, LLC is a company that works in the Activities Related to Credit Intermediation industry and is based in Woodland Hills, California.
When was Total Merchant Services featured on Shark Tank?
Total Merchant Resources was featured in Episode 6 of Season 5 on October 25, 2013.
How can they contact Total Merchant Services?
The best way to contact Total Merchant Services is through their website at www.totalmerchantresources.com or email them at info@totalmerchantresources.com.
Where is their main office located?
Total Merchant Resources main office is located at 377 Hoes Lane, Suite 240 Piscataway, New Jersey 08854.
What is the net worth of Val Pinkhasov?
Val Pinkhasov’s net worth is unavailable.
What is the net worth of Jason Reddish?
Jason Reddish’s net worth is unavailable.
Who is the CEO of Total Merchant Resources?
The CEO of Total Merchant Resources is Jason Reddish.
What is ownership status of Total Merchant Resources?
Total Merchant Resources is a privately owned company.
When was Total Merchant Resources founded?
Total Merchant Resources was founded in 2009.
