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  6. Fintilect Acquires Connect FSS

M&A Deal Summary

Fintilect Acquires Connect FSS

On October 6, 2023, Fintilect acquired software company Connect FSS

Acquisition Highlights
  • This is Fintilect’s 2nd transaction in the Software sector.
  • This is Fintilect’s 1st transaction in the United States.
  • This is Fintilect’s 1st transaction in Utah.

M&A Deal Summary
Date 2023-10-06
Target Connect FSS
Sector Software
Buyer(s) Fintilect
Deal Type Add-on Acquisition

Target

Connect FSS

Murray, Utah, United States
Connect FSS is a CUSO providing advanced enterprise digital banking services, including account access, advanced payments, account opening, custom lending workflows, electronic document management, card controls, and deep core system integration. Connect FSS is based in Murray, Utah.

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Buyer(S) 1

Buyer

Fintilect

Surrey, United Kingdom
Category Company
Founded 1985
Sector Information Technology
DESCRIPTION

Fintilect is a provider of digital banking software for mobile and online channels. Fintilect delivers expert software solutions for businesses offering financial products and services. Fintilect was founded in 1985 and is based in Surrey, United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Utah M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 ABAKA

London, United Kingdom

ABAKA is an enterprise SaaS platform, powered by artificial intelligence, specifically designed to create digital customer engagements and digital advice on wealth, saving, life insurance, and banking. ABAKA was founded in 2015 and is based in London, United kingdom.

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