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Cardconnect

“Can a Fiserv-backed ISO payments platform offer a complete stack—acquiring, tokenization, embedded capital, and developer APIs—to win vertical software companies and independent sales agents?”

Founded2016
HQKing of Prussia, Pennsylvania, United States
Total raisedacquired for ~$750M
Latest roundAcquired by First Data Corporation, 2017
Valuation$750M acquisition price (2017)
IndustryInfrastructure / Payments
The story

CardConnect began as FTS Holding Corporation, a full-service electronic transaction processing provider, before being rebranded under Fintech Acquisition Corp in 2016. Acquired by First Data Corporation (later Fiserv) in 2017 for $750 million, it became part of the broader Fiserv payments platform. Its core differentiation is the CardPointe/CardSecure stack—offering patented tokenization, P2PE, and an ISO/agent partner program on top of Fiserv's acquiring infrastructure. The company now operates as Fiserv's ISO-channel and software-platform payments arm, offering embedded merchant financing (Clover Capital), developer APIs, and QuickBooks accounting integrations.

Last 12 months
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Product timeline
2016
Fintech Acquisition Corp acquired FTS Holding Corporation in July 2016 and renamed it CardConnect, trading on Nasdaq at ~$14/share.· pivot
2017
First Data Corporation acquired CardConnect for approximately $750 million, processing ~$26 billion of volume annually from ~67,000 merchant customers.· acquisition
2019
CardConnect launched CardSecure, a proprietary PCI-validated point-to-point encryption (P2PE) and tokenization layer integrated into its CardPointe platform.· banking
2023
CardConnect introduced QuickBooks deposit sync via the CardConnect Funding API, enabling automated deposit reconciliation into QuickBooks Online.· banking
The stack
4 layers disclosed in Cardconnect’s embedded-finance stack
Payments / PSP
Fiserv (self-operated via CardPointe platform)
Banking / BaaS
in the full report
Lending
in the full report
Accounting
in the full report
Accounting gap: minor
5 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.