Announced
Completed
Financials
Sources
Tags
Private
Banks
Friendly
United States
bank
Acquisition
Domestic
Completed
mobile banking services
Majority
Single Bidder
Synopsis
Avant, a financial technology company, completed its acquisition of Zero Financial, a provider of mobile banking services, and Level, its Neobank. Financial terms were not disclosed. "The acquisition of Level is an important element of our strategy to provide underbanked and unserved consumers with a full ecosystem of transparent financial products and services with great features and rewards, all in one mobile app. Expanding our product portfolio allows us to serve even more people, offering every consumer access to innovative and rewards-based products to simplify and improve their financial journey. We're looking forward to building on this acquisition and continuing to bring new products to our growing customer base," James Paris, Avant CEO.
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