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Announced

Completed

EmergeVest completed the investment in Lucy.

Financials

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

Tags

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neobank

Completed

Cross Border

Private Equity

Single Bidder

FinTech

Private

Friendly

Acquisition

Singapore

Minority

Synopsis

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EmergeVest, the Hong Kong-based growth-oriented private equity investment group, completed the investment in Lucy, the world’s first neobank focused on women entrepreneurs. Financial terms were not disclosed. "We are delighted to partner with Debbie and the Lucy team on their journey to provide financial services and opportunities for women entrepreneurs. EmergeVest is passionate about making a positive impact through our investments and we are excited to be a part of Lucy’s story," Jessica Bruser, EmergeVest Director.

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