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New Deal


Announced

Cross River Bank to acquire Betterfin.

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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FinTech

financing platform

Majority

financial software

Private

Friendly

Pending

United States

Domestic

Acquisition

Single Bidder

Synopsis

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Cross River Bank, a bank operator, agreed to acquire Betterfin, an operator of a financing management platform. Financial terms were not disclosed. “For over a decade, Cross River has redefined financial services for fintech partners, communities and individuals around the globe. With the addition of Betterfin, its team of professionals led by Eric Griego, its technology stack and market intelligence, the combination of our core infrastructure and small business offerings will become another powerful tool of our growth engine," Gilles Gade, Cross River Founder, President and CEO.

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