Announced
Financials
Sources
Tags
online payment processing services
Friendly
Acquisition
payroll management
Private
business payment network
United States
Payments / Commerce
Single Bidder
Synopsis
FLEETCOR Technologies, a leading global business payments company acquires SOLE Financial, a payroll card provider enabling instant, affordable wage access for workers. Financial terms were not disclosed. The acquisition will combine SOLE with FLEETCOR’s existing digital paycard business and increase the company’s overall addressable market. “Joining FLEETCOR presents an exciting opportunity for SOLE Financial clients and partners to benefit from their resources and industry leadership position,” commented Rick Holt, CEO of SOLE Financial. “I’m confident FLEETCOR’s long-term vision will provide tremendous value to organizations and their employees.”
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