Infinant, a prominent banking technology provider based in Charlotte, N.C., has announced the acquisition of Figure Pay’s advanced card processing technology from Figure Technologies. This move aims to enhance Infinant’s digital payment solutions within its Interlace Platform by incorporating real-time debit card issuance and processing. This acquisition aligns with Infinant’s disruptive model that allows banks to manage their programs while maintaining regulatory and compliance controls. The collaboration between Infinant and Figure Technologies also includes the development of new card products for Figure Markets and Infinant’s banking partners. CEO and Founder of Infinant, Riaz Syed, highlighted the strategic importance of this acquisition in accelerating growth and expanding digital banking channels. Financial specifics of the deal were not disclosed.

Banking, Financial Technology (Fintech), Software as a Service (SaaS),United States