Maxwell hatches fintech fund plans

Veteran Nashville financial technology entrepreneur Joe Maxwell will step out of a full-time role at Ipreo, the company to which he sold Shareholder InSite nine months ago, at the end of this year. After that, he tells Milt Capps at Venture Nashville Connections, he will devote the majority of his time to raising a venture capital fund focused on fintech ventures.

Maxwell's "emerging markets and growth fund" will address full-spectrum fintech opportunities, he said, declining to discuss any other general partners, at this time. The new fund is unlikely to do true Seed-stage or Buyout transactions, though such deals are not forever ruled-out.

Jul 27, 2015 11:22 AM

Daily still buying with rebranded payments venture

Milt Capps has checked in with veteran local payment processing entrepreneur Greg Daily, who is building what was Charge Payment and now is i3 Verticals into a broader financial technologies play. Daily and his team last month acquired, a New York-based mobile payment platform focused on the apartment sector, and has since wrapped up two other deals. There's more to come, Capps writes, including a possible IPO.

While maintaining its presence in Retail, the company's acquisitions and other growth efforts are concentrated on expanding into Education, Government/Public Sector, Healthcare, Utilities and Nonprofit/Fundraising sectors. Daily described those sectors as populated by enterprises that "don't go out of business." The company's current offerings span payments processing, metrics-reporting tools, point-of-sale technologies, gift and loyalty programs, merchant financing and security support.

Jun 23, 2015 7:18 AM

Wealth Access beefs up leadership team

CFO moves over from Shareholder InSite, others to focus on sales and UX
Jun 10, 2015 7:28 AM

New edo CEO: Being smarter with data is big priority

Company 'a few quarters' from profitability
May 22, 2015 11:15 AM

New CEO, big funding round for edo

Credit card marketing venture raises nearly $20M as founder steps aside
May 19, 2015 2:58 PM

Ex-Rear Admiral named chair of payment processing startup's board

Franklin company launched by Navy vet last December
Apr 27, 2015 7:07 AM

Financial planning venture picked for Silicon Valley accelerator

New Plug and Play program to culminate in May pitch competition
Mar 9, 2015 7:09 AM

Report: Comdata unit could fetch $600M+

Reuters' peHUB is reporting that private equity firms are fighting for Stored Value Solutions, the gift card and prepaid card subsidiary of Brentwood-based transaction processor Comdata, in an auction that could bring in more than $600 million. Stored Value Solutions, which is based in Louisville, has annual sales of about $90 million and will not make the move with Comdata into the world of Fleetcor, which last summer said it would pay more than $3 billion for Comdata. Sources have told peHUB that Barclays is managing the auction, which has entered its second round.

Jan 16, 2015 2:31 PM

British Bankers deal for has signed a deal to provide its audit confirmation services to the more than 230 members of the British Bankers' Association. The Brentwood-based company earlier this year acquired a two-year-old peer to move into the United Kingdom.

Dec 9, 2014 7:57 AM takes over company it sued in June

Alleged contract breach results in another product line for Brentwood firm
Dec 3, 2014 7:30 AM