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New Deal


Announced

Completed

LendingTree and KeyBank led a $31m Series C round in EarnUp.

Financials

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Transaction Value£23m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Single Bidder

United States

Private

FinTech

financial technology

Minority

Private Equity

Completed

Friendly

Acquisition

Venture Capital

Synopsis

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LendingTree, an online lending marketplace headquartered in the United States, and KeyBank, a regional bank headquartered in Cleveland, led a $31m Series C round in EarnUp, a San Francisco-based Fintech company offering payment and data solutions for the mortgage industry, with participation from Bain Capital Ventures, SignalFire, Blumberg Capital, and Flourish Ventures. "EarnUp’s values are exemplified with this latest round of funding. We are fearlessly challenging a flawed financial system and creating an environment of exceptional people and partnerships. The addition of strategic investments from LendingTree and KeyBank shows that EarnUp is moving in an intentional direction that will have a positive impact on the mortgage and consumer debt industries," Nadim Homsany, EarnUp co-founder and CEO.

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