Payments & Fintech Acquisitions in Connecticut

Jack Henry & Associates has entered into a definitive agreement to acquire Payrailz, a Glastonbury, Connecticut–based cloud-native, AI-enabled digital payments platform, to expand its payments capabilities. The acquisition strengthens Jack Henry's payments-as-a-service strategy by adding real-time P2P, bill pay, A2A, and other next-generation payment capabilities; financial terms were not disclosed.

Bregal Sagemount has made a strategic growth investment in PayArc, a Greenwich-based payments technology company, to help expand PayArc's product suite, sales and marketing efforts, and geographic reach. As part of the financing, Bregal Sagemount will join PayArc's board and provide capital and operational support to accelerate the company's strategic growth and pursue targeted acquisitions.