Payments & Fintech Acquisitions in Maryland
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August 20, 2025
- Buyer
- Fifth Third Bancorp (Fifth Third Bank)
- Target
- DTS Connex
- Industry
- Payments & Fintech
- Location
- Maryland, United States
- Type
- Buyout
Fifth Third Bancorp (Fifth Third Bank) has acquired DTS Connex, a provider of cash management software for multi-location businesses, to bolster its Commercial Payments capabilities in cash logistics, infrastructure and risk management. DTS Connex will operate as a wholly owned subsidiary effective August 1, continuing as a standalone business; financial terms were not disclosed.
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March 13, 2024
- Buyer
- Financial Information Technologies, LLC (Fintech)
- Target
- iControl Systems USA, LLC (iControl)
- Industry
- Payments & Fintech
- Location
- Maryland, United States
- Type
- Buyout
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.
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December 20, 2021
- Buyer
- Rocket Companies
- Target
- Truebill
- Industry
- Payments & Fintech
- Location
- Maryland, United States
- Type
- Buyout
Rocket Companies (NYSE: RKT) entered into an agreement to acquire Truebill, a personal finance app, for $1.275 billion in cash. The acquisition is expected to close before the end of 2021 and is intended to expand Rocket’s fintech ecosystem by adding financial wellness services that deepen consumer engagement between major real estate and financial transactions.
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