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Announced

Walmart and Ribbit-backed Hazel to acquire Even and One.

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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Acquisition

FinTech

United States

Private Equity

Private

Single Bidder

Friendly

fintech

Majority

Domestic

Pending

Synopsis

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Walmart and Ribbit-backed Hazel, a fintech firm, agreed to acquire Even, a financial benefits platform, and One, a fintech company. Financial terms are not disclosed. "Consumers everywhere are being left behind by the world of financial services. Our vision is clear: build on Even and ONE's success to offer a product that offers consumers the best way to spend, the best way to access their wages and helps millions save and grow their money. I'm looking forward to partnering with two stellar leaders in Brian and David to improve the financial lives of tens of millions of consumers," Omer Ismail, ONE CEO.

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