Fintech Company Market Research Report

Company Overview

Name and Mission of the Company

• Company Name: Financial-Information-Technologies, LLC ("Fintech")

• Mission: No explicit mission statement provided, but the company is dedicated to providing technology solutions that enhance operational efficiencies in the beverage alcohol industry and beyond.

Foundation and Key Personnel

• Founded By: No information is available on the founder(s).

• Key People:

• Tad Phelps, CEO

• Wendy Turk, Vice President of Regulatory Affairs

• Amit Aghara, Chief Technology Officer

Headquarters

• Location: 3109 W Dr Martin Luther King Jr Blvd Suite 200, Tampa, FL 33607

Number of Employees

• No information is available about the total number of employees.

Revenue

• No information is available about the company's revenue.

Company Reputation

• Known For: Being a leading solutions provider in the beverage alcohol industry, particularly in the realm of accounts payable (AP) automation and regulatory compliance.

Products

Product Offerings

1. PaymentSource® Premium

• Description: A comprehensive AP automation solution that extends beyond alcohol invoices to manage all business-to-business purchases.

• Key Features:

• Automated invoice processing

• Effortless payment compliance

• Integration with back-office systems

2. Scan-Based Trading Model

• Description: A consignment selling approach that improves inventory management and supplier collaboration.

• Key Features:

• Automated data capture through barcode scanning

• Integration with POS systems

• Advanced analytics and mobile solutions

• Enhanced supplier collaboration platforms

Recent Developments

Recent Company Developments

• Fintech expanded its accounts payable automation technology to include all business transactions (May 29, 2024).

• Acquired assets of Nexxus Group to enhance B2B payment capabilities (May 28, 2024).

• Renewed strategic partnership with National Beer Wholesalers Association for enhanced resources and insights (May 15, 2024).

• Acquired iControl Systems, broadening product adoption in the beverage alcohol market (March 13, 2024).

• Celebrated milestone of 1 million alcohol distributor-to-client connections (Jan 23, 2024).

New Products and Features

• Expanded capabilities of PaymentSource® to manage a broader array of business invoices.

• Enhanced AP automation features to streamline invoice processing for non-alcohol purchases.

Partnerships and Alliances

• Strategic partnership with Sculpture Hospitality to deliver alcohol inventory management efficiencies (Oct 18, 2023).

• Strategic investment from General Atlantic, a global growth equity firm, to support expansion efforts (Aug 1, 2023).

This report has focused on providing a comprehensive overview of Fintech based on available data, concentrating on its mission, product offerings, key recent developments, and strategic partnerships. For fields where information is unavailable, an acknowledgment of the absence of data is provided.