JPMorgan Chase Acquires Frank

KeyBank Acquires GradFin

May 9, 2022

Payments & Fintech

KeyBank has acquired GradFin, a fintech specializing in Public Service Loan Forgiveness counseling and student loan advisory solutions. The acquisition expands KeyBank's digital and niche advisory capabilities, integrating GradFin's high-touch advisory offerings for individuals, financial advisors and employers into Key's product suite.

Sallie Mae Acquires Key Assets of Scholarship App Scholly

July 26, 2023

Education

Sallie Mae (SLM) has acquired several key assets of scholarship search app Scholly, including its scholarship search app, scholarship administration technology, Scholly Offers platform, certain technology, intellectual property, and staff. Sallie Mae will make Scholly free for students and families and intends to integrate the technology to expand its education solutions and improve access to scholarships; terms were not disclosed.

Hub International Acquires Assets of Franklin Financial Group (MD)

November 3, 2023

Wealth Management

Hub International Limited has acquired the assets of Franklin Financial Group, LLC and Franklin Investment Group, LLC, expanding Hub’s employee benefits, retirement and wealth management presence in the Baltimore/Hunt Valley, Maryland area. The Franklin principals and team will join Hub Mid-Atlantic; terms were not disclosed and MarshBerry served as financial advisor to Franklin Financial Group.

J.P. Morgan Acquires OpenInvest

June 29, 2021

Financial Services

J.P. Morgan Asset & Wealth Management agreed to acquire OpenInvest, a fintech specialist in values-based (ESG) investing and impact reporting. OpenInvest will retain its brand and be integrated into J.P. Morgan's Private Bank and Wealth Management offerings; terms were not disclosed and the deal was expected to close in Q3 2021.

FutureFuel.io (Candidly) Acquires College Finance Company

June 15, 2022

Financial Services

FutureFuel.io (now rebranded as Candidly) has acquired College Finance Company, a multi-lender marketplace for education financing, and announced a corporate rebrand to expand from student-debt management into full lifecycle education expense and financial-wellness services. The deal brings College Finance Company's marketplace capabilities into Candidly's AI-driven platform and adds Kevin Walker (College Finance Company co-founder/CEO) to Candidly's leadership as co-founder and president to support growth and product expansion.

BILL Acquires Finmark

November 3, 2022

Cloud & SaaS

BILL (Bill.com) has acquired Finmark, a provider of financial planning and analysis and cash‑flow forecasting software for small and midsize businesses. The acquisition adds FP&A, planning and cash‑flow analytics capabilities to BILL’s financial operations platform to help SMBs and accounting firms gain deeper, real‑time insight into cash flow and forecasting.