June 4, 2022 — Infinant, a privately-held Fintech company and provider of the interlace digital platform that enables customers to thrive in a new landscape of helping non-financial brands offer financial services, today announced that it has accepted a minority, strategic investment from Fidelity National Information Services, Inc. (NYSE: FIS).
The agreement represents a significant partnership that will open the market and accelerate the ability for brands, banks and Fintech to collaborate in ways that are secure, compliant and bring value to their core businesses – with the trust and confidence of FIS, the global Fintech leader.
The investment enables aggressive growth of Infinant in the expanding embedded finance market and extending capabilities of the interlace digital platform for retail and business customers.
“This investment marks a significant and exciting milestone for our firm,” said Riaz Syed, founder and chief executive officer of Infinant. “It provides tremendous credibility to the market, enables us to spur continued innovation and delivery capacity for our clients, while also extending our reach in the market. To do that in partnership with FIS, the leading fintech firm in the world, is an exciting opportunity to rethink open finance going forward. “
Infinant maintains its direct market presence and management control of the firm, including the go-to-market strategy of the interlace platform. No other terms of the agreement were disclosed.