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Fast-growing Tampa business-to-business payments software company Fintech is expanding its platform with the acquisition of Nexxus Group.
The deal is Fintech’s second since it received a nine-figure investment from New York private equity firm General Atlantic in September. Adding Massachusetts-based Nexxus, a consignment-selling platform for grocery and big-box retail stores and their vendors, is a significant win for Fintech. Nexxus’s platform is used by 6,500 distributors and manufacturers and nearly 100 retailers at 71,000 locations, including some of the industry’s biggest names, from Walmart to Target, AmeriGas, and 7-Eleven.