On July 28th, FinTech Acquisition Corp. (NASDAQ: FNTC) announced that FNTC’s stockholders voted to approve the merger of FNTC with the parent of CardConnect, Inc., and on July 29th, the acquisition was completed. According to CardConnect’s website, “(the firm’s) mission is to make payments simple and secure. Everyday, more than 60,000 businesses, ranging from Fortune 500 companies to youthful startups, use CardConnect to securely process and manage their transactions.”
FinTech Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. FNTC’s securities are quoted on the NASDAQ stock exchange under the ticker symbols FNTC, FNTCW and FNTCU.