Fintech expands B2B payment capabilities with the asset acquisition of Nexxus Group
Acquiring Company
Financial Information Technologies
Acquired Company
Nexxus Group
TampaBeverlyFinancial ServicesFinanceVenture CapitalAngel InvestmentE CommerceGroceryRetailDescription
Financial Information Technologies, LLC (“Fintech”) has expanded its B2B payment capabilities through the asset acquisition of Nexxus Group, a payment solutions provider facilitating scan-based trading and consignment selling between convenience, grocery, and big-box retail stores and their vendor partners. This acquisition strengthens the payment capabilities of Fintech’s current product portfolio, leveraged by over 240,000 consumer-servicing establishments and over 5,000 vendors nationwide.
Quick answer
Financial Information Technologies is acquiring Nexxus Group, announced May 29, 2024. Financial Information Technologies is based in Tampa, Florida, United States.
- How much did Financial Information Technologies pay for Nexxus Group?
- The deal value was not disclosed.
- What does Financial Information Technologies do?
- Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep..
- Where are Financial Information Technologies and Nexxus Group based?
- Financial Information Technologies is based in Tampa, Florida, United States. Nexxus Group is based in Beverly, Massachusetts, United States.
- Who are the decision-makers at Financial Information Technologies?
- Fundz holds 2 contacts at Financial Information Technologies. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Finance
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Fintech completes acquisition of Nexxus Group to enhance B2B payment capabilities (May 29, 2024)
- Pinegrove Capital Partners' Affiliate to Acquire SVB Capital's Investment Platform Business (May 4, 2024)
- Marubeni Growth Capital US acquires RG Barry Brands to Create Next Generation Multi-Brand Platform (June 11, 2024)
- AVALT and VantEdge partner to acquire Suburban Intermediate Holdco, Inc. to support expansion strategy (July 8, 2024)
- The Milestone Group completes acquisition of Axis Delray Beach Apartments (June 27, 2024)
- Permira acquires Squarespace in a $6.9 billion deal to accelerate business growth, $6.9B (May 21, 2024)
Who to call at Financial Information Technologies, and when
When Financial Information Technologies changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Financial Information Technologies raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Financial Information Technologies, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Nexxus Group?
Nexxus Group was acquired by Financial Information Technologies, based in Tampa. The deal was reported on May 30, 2024. Financial Information Technologies is privately held and operates in Financial Services.
When did Financial Information Technologies acquire Nexxus Group?
Financial Information Technologies's acquisition of Nexxus Group was reported on May 30, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Nexxus Group do?
Nexxus Group’s technology facilitates scan-based trading and consignment selling between convenience, grocery, and big-box retail stores and their vendor partners. It is privately held, operating in E Commerce, and is based in Beverly.
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