London-based fintech ieDigital is acquiring Connect FSS to expand its international market presence in digital banking software.
Facts
- Connect FSS, founded in 2008 in Sandy, Utah, is a credit union service organization (CUSO) and digital banking technology provider for US credit unions.
- ieDigital’s acquisition aims to accelerate growth and provide enhanced digital software solutions to financial services firms and credit unions.
- ieDigital Group will be formed through the merger, with Jerry Young becoming group CEO and Grant Parry as executive vice president of strategy.
- Both companies will maintain separate branding in their respective markets, with Connect FSS continuing as a CUSO.
- The acquisition enables ieDigital to reach a broader customer base across different geographies and strengthen its technology through insights from the US.
