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New Deal


Announced

Completed

Fifth Third completed the acquisition of Dividend Finance.

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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Domestic

Private

Friendly

FinTech

Majority

United States

Completed

Single Bidder

finance platform

Acquisition

Synopsis

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Fifth Third, a financial services company, completed the acquisition of Dividend Finance, a fintech point-of-sale lender, providing financing solutions. Financial terms were not disclosed. “The addition of Dividend Finance enhances the scale of our digital service capabilities through its tech-forward platform, provides customers and contractors with a best-in-class experience, and accelerates customer adoption of solar and sustainable home improvements, which are even more compelling given rising energy prices. We expect to grow the Dividend platform significantly and further our ESG leadership position," Tim Spence, Fifth Third Bancorp President.

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