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New Deal


Announced

Funding Societies to acquire CardUp.

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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Pending

Majority

Payments / Commerce

Single Bidder

Domestic

Singapore

Acquisition

Private

Friendly

payment solutions

Synopsis

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Funding Societies, Southeast Asia’s largest digital financing platform for small and medium-sized enterprises, agreed to acquire CardUp, a provider of payment solutions. Financial terms were not disclosed. CardUp's payment services will complement Funding Societies' lending products, to offer a unified financial experience for SMEs across the region, enabling SMEs to manage and pay expenses, receive payments, and borrow funds all within one seamless digital platform.

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