(Cincinnati, OH and Nashville, TN) August 10, 2015 – Infintech, a payment processor with an annual volume of more than $2 billion in credit card processing, announced today that it will fuel its strategic growth plans by merging with i3 Verticals, LLC based in Nashville, TN. i3 Verticals, LLC is a technology and integrated payments provider for a range of industry verticals throughout the United States.
“Joining forces with i3 Verticals will provide us the resources and products necessary to execute our aggressive growth strategy in key industry verticals,” said Ryan Rybolt, CEO of Infintech™. “Over the past 10 years Infintech™ has established a trusted brand in our community, and we will continue to expand that presence regionally. The merger with i3 Verticals aligns us with a partner who shares a vision to scale our brand nationally and drive further expansion into emerging industry verticals.”
“Infintech’s reputation within the industry, along with their strength in the business-to-business and municipal payments space made them a top candidate for our growth plans,” remarked Greg Daily, CEO of i3 Verticals. “The merger with Infintech™ continues our commitment to investing in growing industry verticals. It was fortuitous timing that our growth strategies intersected.”
Tom DeBord, Joff Moine, and Ryan Rybolt founded Infintech™ in 2005 with a focus on serving small to mid-size businesses in need of a more transparent approach to payment processing. Since Infintech’s inception that strategy has evolved into delivering sophisticated payment solutions to emerging industries, such as manufacturing, professional services, contractor services, and municipalities.
Infintech™ processes over 20 million transactions for thousands of customers every year, representing more than $2 billion in annual credit card processing volume. Through a portfolio of 150 partnerships, Infintech™ works with clients to provide high tech processing solutions and affordable merchant processing fees.
Infintech has been listed on the Inc. 5000 list of America’s Fastest Growing Private Companies for the last four years. Infintech was recognized with the Better Business Bureau (BBB) Torch Award for Marketplace Ethics in 2014.
About i3 Verticals, LLC
Based in Nashville, TN, i3 Verticals, LLC is a technology and integrated payments provider for a range of industry verticals throughout the United States. i3 Verticals intends to make additional acquisitions and become a leader in distinct, growing verticals by helping customers improve their operating efficiencies, enhance revenues, and streamline their payment processing functions. Learn more at www.i3verticals.com.