Tearsheet Podcast: Exploring Financial Services Together
The M&A opportunities in SaaS and fintech with Trintech's Omar Choucair
Aug 30, 2023
Trintech CFO, Omar Choucair, talks about the recent acquisition of Fiserv's reconciliation businesses. They discuss the opportunities and challenges of M&A in SaaS and fintech, and the market outlook for the remainder of this year into 2024.
18:09
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Quick takeaways
- Trintech recognized the banking and financial institution insurance market as a promising sector for their services and made an acquisition of Pfizer's reconciliation business to tap into this opportunity.
- Despite slow M&A activities, Trintech saw the acquisition as a chance to acquire a blue-chip customer list, excellent technology, and competent employees, outweighing concerns about timing and market volatility.
Deep dives
Trintech's Role in Streamlining CFO Processes
Trintech is a SaaS software company that offers solutions to streamline manual and mundane tasks faced by CFOs. With the increased pressure on CFOs due to COVID and lack of competent personnel, Trintech's software aims to simplify tasks involved in closing books. They primarily target two segments: enterprise and commercial, with their products Cadency and Accurate. Cadency caters to large enterprises, including half of the Fortune 100 companies globally. Trintech recently made an acquisition of Pfizer's reconciliation business, recognizing the banking and financial institution insurance market as a promising sector for their services.
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