(September 5, 2024) Ingo Payments, a trusted leader in account funding and disbursements solutions defined as Money Mobility, announced its acquisition of Deposits Inc., a provider of modern banking software tools and infrastructure. This acquisition accelerates the launch of its Modern MoneyStack, which will enable banks, fintech companies and brands to transform money flows into full, feature-rich accounts that foster new relationships, revenue streams, and utility, delivered in a modern, modular, compliant and cost-efficient way.
Ingo Payments is a Camden Partners portfolio company. Managing Partner, ToddSherman, represents Camden on the board of directors.
For more information, please go to Ingo’s full announcement here:
https://payments.ingomoney.com/resources/ingo-payments-acquires-deposits-inc-redefining-money-mobility-for-banks-and-corporates-with-the-launch-of-its-modern-money-stack/
About Ingo Payments
Ingo Payments, an Ingo Money Inc. brand, enables banks, fintechs and brands to build, launch, and scale innovative financial experiences through its bank-grade, compliance-first end-to-end platform, complete with money mobility capabilities built on top of a modern money stack, that provides the foundation for account funding, mobile deposits, payouts, digital wallets, bank account creation, card issuing, PFM, and rewards solutions across a wide range of industries and use cases. By vertically integrating issuing, payment processing, and risk underwriting services, we help clients reduce third-party risk, operational complexity, and cost, while accelerating time to market. Learn more at ingopayments.com.
About Deposits Inc.
Deposits Inc., founded by Joseph Akintolayo in 2021, is a pioneering fintech company providing modern banking software and infrastructure. With a mission to democratize access to modern financial services, Deposits Inc.offers a suite of modular, API-driven solutions that enables banks and organizations of all sizes to rapidly build and deploy customized financial products and deliver exceptional financial experiences through its flexible, scalable technology platform.
About Camden Partners
Founded in 1995, Camden Partners is a growth equity firm that helps the management teams of enterprise software and technology-enabled services companies scale their businesses. Camden has invested in 86 companies across six funds and is known for providing creative and flexible growth capital. The firm’s partners leverage deep domain expertise and a network of operating executives to help management teams grow revenue and cash flow. For more information, please go to: www.camdenpartners.com.