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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