
733Park Closes Fintech Acquisition of FLO Merchant Portfolio
? 733Park orchestrates another strategic win: a high-impact carve-out of FLO's merchant portfolio to a top-tier processor. Unlocking capital, simplifying ops, and accelerating growth—this is what smart M&A looks like. Explore what we can do for you. Share
This marks yet another milestone in 733Park and Lane Gordon's track record, showcasing their ability to navigate complex marketplaces and engineer high‑impact exits for growth‑stage and mid‑market Fintech firms. The firm continues reinforcing its position as the trusted advisor for transformative deals in payments and enterprise SaaS.
And there's more in the pipeline: 733Park's current offerings page now features an expanded lineup of live mandates and upcoming opportunities, driven by the market momentum from this and other recent deals.
'We mission‑control these deals from ideation to close, and every deal amplifies the impact we're having in the marketplace,' said Lane Gordon, CEO of 733Park. 'This carve‑out was designed to unlock capital and simplify operations while positioning both FLO and the acquiring processor for accelerated growth. That's what strategic M&A should do—and that's what we deliver.'
Jimmy Moore, CEO of FLO Business Solutions, added: 'Our merchant partners are what make FLO exceptional. Selling a portion of our portfolio was a strategic decision, and 733Park helped us navigate every step. Lane and his team executed flawlessly, and we're excited to see where the next chapter takes us.'
Calling All Sellers in Fintech, Payments, AI, SaaS, and Merchant Portfolios:
If you're considering a strategic exit, selling a merchant portfolio, or simply exploring your options in today's market — now is the time to talk to 733Park. Lane Gordon and his team are actively representing sellers and are THE trusted name for navigating the path to a successful sale.
Checkout our current offerings: https://www.733park.com/current-offerings
About 733Park
Based in Boston, MA, 733Park is the M&A advisor of choice for growth‑stage and mid‑market companies operating at the intersection of Fintech, AI, Payments, and SaaS. Under the leadership of Lane Gordon—CEO—with over 25 years of experience successfully closing complex transactions, 733Park combines deep sector expertise, a proprietary network of acquirers, and a relentless commitment to client outcomes. From carve‑outs to cross‑border rollups, 733Park crafts bespoke M&A journeys that elevate both acquirers and entrepreneurs. Learn more at https://www.733park.com/current-offerings.
About FLO Business Solutions
FLO Business Solutions delivers technology‑forward payment solutions to retail, service, and e‑commerce merchants. Known for simplicity, scalability, and speed, FLO empowers businesses with tools that drive revenue and enhance customer experiences.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Forbes
2 hours ago
- Forbes
Today's Complex Financial Ecosystem Calls For Product Standards To Boost Financial Health
What if every financial product or service was designed with the goal of supporting the financial health of users? Making it easier for households to spend, save, borrow and plan for the future doesn't necessarily require a big revamp, but rather a series of consumer-friendly tweaks that make it easier to bank by phone, budget, manage cash flow or customize payment due dates. Today's robust ecosystem of banks, fintechs, and technology platforms provides a seemingly limitless array of financial tools and services that can make the options for managing household finances feel more overwhelming than ever. But the tools and technology that have created this vast menu of offerings can also be channeled to help demystify them. When designed with intention and aligned with what the research tells us about what works, financial products can help customers stay more in control of their finances and avoid unnecessary debt, fees, and instability. Creating Certainty in a Time of Upheaval People across the U.S. face significant financial strain due in part to rising costs of essentials, from housing and home insurance to childcare and prescription medicine. So it's not surprising that more than half of Americans spent as much as or more than their income over the past year, and nearly a third of households reported falling behind on at least one bill payment. Today, the trifecta of a precarious economy, decreasing regulation of consumer financial services, and eroding public trust in institutions makes now the moment for financial institutions, credit unions, and fintechs to double down on creating more certainty and stability in household finances. Even small changes in how products and services are designed can reduce uncertainty, creating outsize impact. Most households' day-to-day financial lives rely on two primary products: checking accounts and credit cards. Changes to their feature functionality could help create more financial certainty. Small Changes, Big Impact Imagine if it were standard practice for banks to make check deposits from reliable sources available in full on the same day it receives them. That would make it easier for households to pay bills on time and reduce the likelihood of overdrafts. If it were standard practice for lenders to use an app or online tool to give borrowers the ability to choose when their monthly credit card payments – or car loan payments — were due, it would help households better manage cash flow and avoid late fees. For example, most car loan payments are due on the date of purchase. Put yourself in the buyer's shoes: You purchase the car on the 12th, but your paycheck doesn't arrive until the 15th. Every month, that gap creates anxiety — will I have enough money in my account? Will I be hit with a late fee? Will the bank repossess my car? Beneficial State Bank made the small change of texting borrowers a simple form to establish a payment date timed to their pay schedule and the results were notable. Borrowers who received the form had 27% fewer late payments and paid 10% more toward their debt, which translates into fewer late payment fees and a better credit score. For the bank, it meant fewer delinquencies and charge offs. Small changes, big impact. Practices like these create predictability, which can make a positive difference in people's financial lives. They should become the standard. From building codes to nutrition and healthcare, standards have revolutionized countless industries and shifted systems by setting clear expectations that shape behavior, practices, and policies. Predictable experiences are the foundation of consumer trust. As we move into a fast-changing world with AI, cryptocurrency, and relaxed regulations across the board, providing these stable customer experiences will be a brand differentiator. The key to building that trust is right in front of us.
Yahoo
8 hours ago
- Yahoo
Fidelity National Information Services Stock Outlook: Is Wall Street Bullish or Bearish?
With a market capitalization of $37.2 billion, Fidelity National Information Services, Inc. (FIS) is a leading American multinational headquartered in Jacksonville, Florida, providing financial technology solutions to over 20,000 clients worldwide, including banks, asset managers, and businesses. Shares of this leading fintech company have trailed the broader market over the past year. FIS has declined 6.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 20.1%. Moreover, in 2025, FIS stock is down 14.7%, compared to the SPX's 8.6% rise on a YTD basis. More News from Barchart 'It Will Be the Biggest Product Ever': Elon Musk Says Tesla's Optimus Robots Will Be Bigger Than Even Robotaxi Dear Archer Aviation Stock Fans, Mark Your Calendars for August 11 This Hidden-Gem AI Stock Has a Major Catalyst Coming on August 11 Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Zooming in further, FIS has also underperformed the Global X FinTech ETF (FINX). The exchange-traded fund has gained 30.2% over the past year and 4.9% in 2025. On Aug. 5, FIS released its second-quarter earnings, and its shares dipped more than 8%. Its revenue rose 5% year-over-year to about $2.6 billion, driven by growth across both its Banking Solutions and Capital Markets segments. Adjusted EPS came in at $1.36, in line with expectations, while adjusted EBITDA margins held steady at roughly 39.8%. However, the company reported a net loss of approximately $470 million, primarily due to a non-cash tax charge tied to the sale of Worldpay. Additionally, adjusted free cash flow decreased to $292 million from $504 million the previous year, reflecting higher expenses and timing factors. For the current fiscal year, which ends in December, analysts expect FIS' EPS to grow 10.3% to $5.76 on a diluted basis. The company's earnings surprise history is solid. It beat or met the consensus estimate in each of the last four quarters. Among the 28 analysts covering FIS stock, the consensus is a 'Moderate Buy.' That's based on 14 'Strong Buy' ratings, three 'Moderate Buys,' ten 'Holds,' and one 'Strong Sell.' This configuration is more bearish than two months ago, with 15 analysts suggesting a 'Strong Buy.' On August 6, Keefe, Bruyette & Woods' Vasundhara Govil maintained an 'Outperform' rating on Fidelity National Information Services but lowered the price target from $92 to $88. The mean price target of $87.08 represents a 22.4% premium to FIS' current price levels. The Street-high price target of $103 suggests an ambitious upside potential of 44.7%. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
9 hours ago
- Yahoo
Sonali Basak Joins iCapital® as Chief Investment Strategist
Firm taps leading industry voice to shape narrative around public and private investing with fresh perspective and an editorial lens. NEW YORK, August 11, 2025--(BUSINESS WIRE)--iCapital1, the global fintech company shaping the future of investing, today announced the appointment of Sonali Basak, former lead Wall Street correspondent for Bloomberg Television, as Chief Investment Strategist. In this role, Ms. Basak will help develop and deliver the firm's strategic thought leadership across public and private markets, provide actionable insights, and strengthen iCapital's position as a trusted industry voice. "The wealth industry is undergoing a significant transformation, and individual investors should have increased access to the same private market opportunities that have driven institutional returns for decades," said Ms. Basak. "iCapital aims to be the central authority linking the wealth community with the top asset managers across the world. I'm thrilled to bring my expertise to engage with financial advisors, investors, and asset managers every day. My role will be to deliver data-driven and actionable insights to iCapital's clients and partners across both public and private markets." As Chief Investment Strategist, Ms. Basak will lead and articulate iCapital's investment outlook, thoughtful data-driven content, and support client decision-making working closely with them as they implement their strategies. "We're very excited to welcome Sonali to iCapital," said Lawrence Calcano, Chairman and CEO of iCapital. "She is an exceptional thought leader who brings a journalist's curiosity, a strategist's insight, and a communicator's instinct – all of which will help us deepen our dialogue with clients and partners across the industry. As public and private markets continue to converge and advisors scale to meet increasing investor demands, Sonali will be instrumental in shaping iCapital's market perspective and driving meaningful impact across the ecosystem. She is the ideal person to lead this important work and represent iCapital's voice in the global investment conversation." Ms. Basak most recently served as Bloomberg Television's lead global finance correspondent and anchor, where she covered the financial institutions shaping markets worldwide – from global banks and asset managers to private equity giants and hedge funds. She anchored Open Interest, Bloomberg TV's flagship morning program focused on C-suite perspectives across industries, and hosted Bloomberg Invest, the firm's premier annual financial conference. Her newsletter, Wall Street, By Basak., is widely regarded for its sharp, insider commentary on market trends, Wall Street firms, and shifts across the financial industry. Her reporting frequently appeared in Businessweek and Markets Magazine, where she conducted recurring Q&As with leading financial executives. Most recently, she created and hosted the original docuseries Bullish, which profiled influential voices in finance and demystified opaque corners of capital markets. Known for securing rare interviews with top Wall Street CEOs and breaking news on market-moving deals, Ms. Basak has earned a reputation as one of the most trusted and insightful voices in financial journalism over the past decade. She holds a bachelor's degree from Bucknell University, a Master of Science in Journalism from Northwestern University's Medill School, and an MBA in Quantitative and Corporate Finance from NYU's Stern School of Business. Ms. Basak will be based in iCapital's New York City office. About iCapital iCapital is a global leader, shaping the future of global investing for financial advisors, wealth managers, asset managers, and other industry participants. iCapital offers a diverse and complete range of non-traditional investment products on iCapital Marketplace, Enterprise Solutions, and Data Intelligence, designed to help drive better outcomes2 for all participants in the ecosystem. With strategic investment from leading alternative asset managers, wealth managers, and service providers globally, iCapital provides unrivaled access, data connectivity, education, and research programs to advisors and their clients. Leveraging AI and machine learning for digital identity (KYC/AML), iCapital supports compliant and secure investment lifecycle processes. iCapital's end-to-end platform manages the lifecycle of non-traditional investment products, making it easier to learn about, buy, manage, and integrate alternative assets, structured investments, and annuities into portfolios, driving growth, scale, and efficiency. Our solution(s) can be customized and offers specific modules as needed. iCapital has $9453 billion of assets serviced globally on its platform, including $257 billion in alternative platform assets, $203 billion in structured investments and annuities outstanding, and $485 billion in client assets reported on, and serving over 3,000 wealth management firms and 114,000 active financial professionals. Headquartered in New York, iCapital operates globally with 16 offices, including major hubs in Zurich, London, Hong Kong, Singapore, Tokyo, and Toronto, and an industry-leading R&D center in Lisbon. iCapital is recognized for its innovation and leadership, with accolades from Euromoney (World's Best Technology Provider for Wealth Management), CNBC (World Top Fintech Companies), and Forbes Fintech 50. For more information, visit | X (Twitter): @icapitalnetwork | LinkedIn: 1 iCapital, Inc. and its affiliates (together, "iCapital")2 iCapital delivers better outcomes by streamlining financial operations, enhancing technology infrastructure, and empowering smarter decision-making through reporting and analytics.3 As of June 30, 2025 View source version on Contacts Media Contact iCapital+1 919 602 2806icapital@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data