CFPN, the parent company that publishes Financial Advisor and ETF Advisor magazines, has acquired FintekNews, a digital media company based in Atlanta that operates the FintekNews.com web site. The transaction was completed this week.
FintekNews was founded in 2016 by Cindy and Bill Taylor. Cindy will continue to serve as publisher, while Bill plans to remain as an editorial contributor.
"We are thrilled to be joining the Charter Financial Publishing Network family. We formed FintekNews in July 2016, after we observed the rapidly expanding financial technology sector, and found there was no centralized U.S.-based website covering the category at large,” Cindy Taylor said. “Our objective was to cover multiple sectors of fintech—cryptocurrencies, blockchain technology, wealth techs, robo-advisors, digital banking, P2P investing, trading technologies, VC deals and more, in an easily digestible format. We now have the opportunity with Charter Financial to grow the FintekNews brand further in the coming years with expanded editorial coverage, new product offerings, fintech events and more."
For CFPN, the acquisition represents a natural expansion into an important adjacent market. “Today, virtually every business is a technology business,” said Charlie Stroller, CEO of CFPN. “Nowhere is that more true than in financial services. Cindy and Bill have created an impressive platform, and we’re delighted to complete the transaction. All of us at CFPN look forward to working with them and enhancing FintekNews.”