MVB Financial Corp. Takes 37.5% Stake in Warp Speed Holdings LLC
October 3, 2022
MVB Financial Corp. completed a strategic minority investment acquiring a 37.5% interest in Warp Speed Holdings LLC for $48.0 million, consisting of $38.4 million cash and $9.6 million in MVB common stock. The investment is intended to support MVB’s fintech line of business and deepen its relationships with payments and gaming clients.
- Buyers
- MVB Financial Corp.
- Targets
- Warp Speed Holdings LLC
- Industry
- Financial Services
- Location
- United States
- Transaction Type
- Growth capital
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