Priority Technology Holdings Acquires Finxera Holdings
September 17, 2021
Priority Technology Holdings (NASDAQ: PRTH) has completed the acquisition of Finxera Holdings, a pioneer in Banking-as-a-Service (BaaS) and payments infrastructure. The deal combines Priority's merchant acquiring and payments capabilities with Finxera's BaaS platform to create an expanded payments and virtual-banking offering; Finxera shareholders, including funds managed by Stone Point Capital and Finxera management, will retain meaningful equity positions in Priority.
- Buyers
- Priority Technology Holdings, Inc.
- Targets
- Finxera Holdings, Inc.
- Sellers
- Funds managed by Stone Point Capital LLC, Finxera management team
- Industry
- Payments & Fintech
- Location
- California, United States
- Transaction Type
- Buyout
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