Fintech Acquires iControl Systems USA, LLC Assets
March 13, 2024
Financial Information Technologies, LLC (Fintech) completed an asset acquisition of iControl Systems USA, LLC (iControl), adding iControl’s alcohol invoice payments and scan-based trading technology to Fintech’s PaymentSource platform. The deal, which closed in December 2023, expands Fintech’s retail product portfolio and broadens PaymentSource capabilities beyond alcohol to additional retail categories.
- Buyers
- Financial Information Technologies, LLC (Fintech)
- Targets
- iControl Systems USA, LLC (iControl)
- Industry
- Payments & Fintech
- Location
- Maryland, United States
- Transaction Type
- Buyout
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