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New Deal


Announced

Completed

Huntington Bancshares completed the acquisition of Digital Payments Torana.

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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Single Bidder

United States

Friendly

fintech company

Private

payments servces

Majority

Domestic

FinTech

Acquisition

Completed

Synopsis

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Huntington Bancshares, an American bank holding company, completed the acquisition of Digital Payments Torana, a business-to-consumer payments fintech based in San Francisco. Financial terms were not disclosed. "Torana's acquisition aligns with our enterprise payments strategy of servicing clients across businesses of all sizes and enables us to maintain a leadership position within our commercial banking segment and further develop additional scale in verticals such as healthcare, public sector, insurance and Huntington's National Settlements business. Huntington ChoicePay technology enhances our commitment to delivering differentiated, automated experiences through best-in-class digital tools, and it aligns extremely well with our digital innovation roadmap," Scott Kleinman, Huntington Co-President

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