Arcadea Group Acquires SPARK from Community Reinvestment Fund, USA

June 13, 2023

Arcadea Group, a Toronto-based long-hold growth investor, has acquired SPARK, a Minneapolis-headquartered SaaS lending platform, from Community Reinvestment Fund, USA (CRF). The acquisition gives SPARK access to Arcadea's software operating experience and resources to accelerate product functionality and long-term growth in the SBA and conventional lending markets.

Buyers
Arcadea Group
Targets
SPARK
Sellers
Community Reinvestment Fund, USA
Industry
Cloud & SaaS
Location
Minnesota, United States
Transaction Type
Buyout

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