Fifth Third Bancorp Acquires Embedded Payments Platform Rize Money, Inc.
May 23, 2023
Fifth Third Bancorp (through an indirect wholly owned subsidiary of Fifth Third Bank) has acquired Arlington, Virginia–based embedded payments platform Rize Money, Inc. The deal expands Fifth Third’s embedded payments and treasury management capabilities, enhancing its API-driven fintech infrastructure; financial terms were not disclosed.
- Buyers
- Fifth Third Bancorp, Fifth Third Bank
- Targets
- Rize Money, Inc.
- Industry
- Financial Services
- Location
- Virginia, United States
- Transaction Type
- Buyout
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