Add-on Acquisition • Software

Fintilect Acquires Connect FSS

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

Acquisition Context

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.

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M&A Deal Summary
Date	October 6, 2023
Target	Connect FSS
Sector	Software
Buyer(s)	Fintilect
Deal Type	Add-on Acquisition

Target Company

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 Overview 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 Context for Buyer	#
Overall	2 of 2
Sector: Software	2 of 2
Type: Add-on Acquisition	2 of 2
State: Utah	1 of 1
Country: United States	1 of 1
Year: 2023	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.	Buy	-

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.

Buy

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