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Incomm Payments Acquires Zenda, Developer Of Ai-Powered Hsa And Fsa Solutions For Employee Benefit Programs

PRIVATEAug 08, 2023

Acquiring Company

InComm Payments

Acquired Company

Zenda

Financial ServicesPaymentsFintechOtherFinancial Services

Description

InComm Payments, a leading payments technology company, today announced its acquisition of Zenda, a developer of employee health and benefits solutions known for its innovative health savings account (HSA) and flexible spending account (FSA) platform. Strengthening InComm Payments' position as a leader in the healthcare payments industry, the acquisition marks the company's first expansion into the employer health benefits category with unique HSA and FSA solutions that leverage artificial intelligence (AI) to automate Internal Revenue Service (IRS) rules and streamline account management.

Quick answer

InComm Payments is acquiring Zenda, announced August 8, 2023.

How much did InComm Payments pay for Zenda?
The deal value was not disclosed.
What does InComm Payments do?
InComm Payments is an innovative global payments technology provider.

Source: Fundz verified event record.

Other recent acquisitions in Financial Services and Payments

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

InComm Payments

About

InComm Payments is an innovative global payments technology provider. Leveraging dynamic technology and proven expertise, InComm Payments delivers enhanced end-to-end payment platforms and emerging financial technology solutions through a single integration, helping businesses grow across a wide range of industries including retail, healthcare, tolling & transit, incentives, mobile payments, digital currencies and financial services. By enabling omnichannel connections and alternative payment options to an ever-expanding consumer base in an increasingly digital ecosystem, InComm Payments creates seamless and valuable commerce experiences across the globe. With three decades of experience, over 525,000 points of retail and online distribution, 420 global patents and a presence in more than 30 countries, InComm Payments leads the payments industry from its headquarters in Atlanta, Ga. Learn more at www.InCommPayments.com. MEDIA CONTACTS InComm PaymentsAnthony PopielCommunications Manager, Corporate MarketingE: apopiel@incomm.comP: 314-592-3149 Real Time Technologies Media RelationsE: RealtimePR@RT2.comP: 813-548-3800

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Frequently asked

Who acquired Zenda?

Zenda was acquired by InComm Payments. The deal was reported on August 8, 2023. InComm Payments is an innovative global payments technology provider. InComm Payments is privately held and operates in Financial Services.

When did InComm Payments acquire Zenda?

InComm Payments's acquisition of Zenda was reported on August 8, 2023. InComm Payments, a leading payments technology company, today announced its acquisition of Zenda, a developer of employee health and benefits solutions known for its innovative health savings account (HSA) and flexible spending account (FSA) platform. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Zenda do?

It is privately held, operating in Other.

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