.
MergerLinks Header Logo

New Deal


Announced

Completed

Avant completed the acquisition of Zero Financial and Level.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private

Banks

Friendly

United States

bank

Acquisition

Domestic

Completed

mobile banking services

Majority

Single Bidder

Synopsis

Edit

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.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US