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New Deal


Announced

SaverLife to acquire Onward Financial.

Financials

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

Tags

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Pending

United States

financial sercives

Acquisition

Single Bidder

Consumer Lending

Domestic

Friendly

Majority

Private

Synopsis

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SaverLife, a nonprofit fintech focused on building financial security for low-income Americans, agreed to acquire Onward Financial, a non-profit whose employer-sponsored mobile savings app enables workers of all income levels to build financial security. Financial terms were not disclosed. “Acquiring Onward will take our employer-facing products to the next level, allowing us to do even more to reach this important market segment," Leigh Phillips, SaverLife CEO.

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