FS Vector adds APPROVED Licensing
The addition creates a reg-tech solutions platform with 70 employees and more than 100 clients in the fintech, banking, and payments sectors.
Takeaways
- APPROVED Licensing is a technology-enabled licensing platform for financial services.
- FS Vector is acquiring APPROVED Licensing with backing from Stone-Goff Partners.
- The business serves fintech, banking, payments.
Stone-Goff Partners-backed FS Vector, a regulatory and compliance advisory firm, has acquired APPROVED Licensing, a technology-enabled licensing platform for financial services.
The combination integrates advisory and advocacy services with licensing automation software, creating a reg-tech solutions platform with 70 employees and more than 100 clients.
The combined company will operate from FS Vector's Washington, D.C. headquarters, supporting fintech, banking, and payments companies in launching products and maintaining compliance.
Debt financing was provided by Capital Southwest Corporation.
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