Bnk To The Future Enters LOI to Acquire SALT Lending

Rapid Finance Acquires Digital Lending Platform Provider Thrive

October 3, 2022

Financial Services

Rapid Finance has acquired digital lending platform provider Thrive and folded the business into its new Rapid Finance Technology unit to accelerate digital lending capabilities. The Thrive platform provides end-to-end origination, underwriting, decisioning and servicing tools for banks, non-bank lenders and credit unions, and the acquisition supports Rapid Finance's effort to modernize and expand its technology-driven lending solutions.

Chime Acquires Salt Labs

June 26, 2024

Staffing & HR

Chime has acquired Salt Labs, an enterprise employee rewards and incentives platform founded in 2022, and will integrate the Salt team and products into a new business unit, Chime Enterprise. The acquisition gives Chime direct access to Salt Labs’ employer relationships across transportation, hospitality, call centers and other frontline-facing industries to accelerate primary account growth and expand Chime’s employer channel capabilities; financial terms were not disclosed.

PROG Holdings Acquires BNPL Provider Four Technologies

July 13, 2021

Payments & Fintech

PROG Holdings, the fintech holding company behind Progressive Leasing and Vive Financial, has acquired Four Technologies (Four), a Miami/Aventura-based Buy Now, Pay Later (BNPL) platform. The acquisition adds BNPL capabilities to PROG's suite of payment solutions to expand retailer payment options and diversify its consumer fintech offerings; terms were not disclosed.

U.S. Bank Acquires Bento Technologies (Bento for Business)

August 11, 2021

Payments & Fintech

U.S. Bank has agreed to acquire Bento Technologies (Bento for Business), a fintech company that provides card-based payments and automated expense management for small and mid-size businesses. The acquisition is intended to integrate Bento’s accounts-payable and expense management capabilities with U.S. Bank’s existing payments and receivables solutions to offer a more comprehensive cash-management experience for SMB clients.

SALT Dental Partners (LCM-backed) Completes Multiple Practice Partnerships

April 10, 2024

Healthcare Services

LCM-backed SALT Dental Partners, a Phoenix-based dental partnership organization focused on pediatric dentistry and orthodontics, executed 19 strategic partnerships in 2023 — adding roughly 40 locations and expanding to 90+ locations across 13 states. Since early 2024 the company has partnered with six additional practices (with five more expected to close by Q2 2024) as it expands into oral surgery and scales its centralized support functions.

Alliance Data Acquires Bread

October 29, 2020

Payments & Fintech

Alliance Data Systems Corporation agreed to acquire Bread, a technology-driven buy-now-pay-later and digital payments platform, for approximately $450 million (including about $100 million in Alliance Data common stock). The deal, announced Oct. 29, 2020 and expected to close in Q4 2020, adds Bread’s pay-over-time capabilities, roughly 185 employees and 400+ merchant clients to Alliance Data’s payments and marketing suite.