Exhibit 21.1

i3 Verticals, Inc.

LIST OF SUBSIDIARIES

Name of Subsidiary			Jurisdiction of Incorporation			Doing Business As Name
(Including d/b/a name, if applicable)
Ad Valorem Records, Inc.			Texas			AVR, Inc.
CP-DBS, LLC			Delaware			PaySchools
CP-PS, LLC			Delaware
Fairway Payments, LLC			Virginia			Fairway Payments
i3-Aero, LLC			Delaware
i3-Axia, LLC			Delaware			Axia Payments
i3-BP, LLC			Delaware			Bill & Pay
i3-CS, LLC			Delaware			Court Solutions
i3-CSC, LLC			Delaware
i3-EMS, LLC			Delaware			EMS
i3-EZCP, LLC			Delaware			EZCourtPay
i3-EZPay, LLC			Delaware			EZPay
i3-Holdings Sub, Inc.			Delaware
i3-Infin, LLC			Delaware			Infintech
i3-MPN, LLC			Delaware			SchoolPay
i3-LL, LLC			Delaware			Local Level
Monetra Technologies, LLC			Delaware			Monetra
i3-PBS, LLC			Delaware			Practical Business Solutions; RU Practical
i3-Randall, LLC			Delaware			Randall Data Systems
i3-RS, LLC			Delaware			PlacePay
i3-Sequel, LLC			Delaware			CJT
i3-Software & Services, LLC			Delaware			Software & Services
i3-Splash, LLC			Delaware			iGov Solutions
i3-TS, LLC			Delaware
i3 Verticals, LLC			Delaware
i3 Verticals Management Services, Inc.			Delaware
i3-Bearcat, LLC			Delaware			NETData; GHS
Pace Payment Systems, Inc.			Delaware			Pace
Pace Payments, Inc.			Delaware			Pace
San Diego Cash Register Company, Inc.			California			SDCR

Pursuant to Item 601(b)(21)(ii) of Regulation S-K, certain subsidiaries have been omitted because, when considered in the aggregate, they do not constitute a significant subsidiary.