About This Deal
FISERV INC acquired Spend Labs Inc., a transaction completed in June 2021, structured as All-cash.
Spend Labs Inc. operates in Payments / commercial card. Spend Labs Inc. ('SpendLabs') is a mobile-native, cloud-based software provider of commercial card payment solutions, expanding Fiserv's digital capabilities across mobile and desktop devices for small and mid-sized businesses.
It further expands Fiserv's digital capabilities across mobile and desktop devices for small and mid-sized businesses.
Disclosed in Fiserv's FY21 Form 10-K; integrated into the noted operating segment.
Deal Terms
Acquirer
FISERV INC
Target
Spend Labs Inc.
Value
Not disclosed
Date
June 2021
Type
Full acquisition
Status
Ready
Transaction Details
Segment
Payments / commercial card
Structure
All-cash
Announced
June 14, 2021
Closed
June 14, 2021
In Their Words
Spend Labs Inc. ('SpendLabs') is a mobile-native, cloud-based software provider of commercial card payment solutions, expanding Fiserv's digital capabilities across mobile and desktop devices for small and mid-sized businesses.Fiserv FY21 Form 10-K, Acquisitions note
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
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