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New Deal


Announced

Completed

Fifth Third Bancorp completed the acquisition of Rize Money.

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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fintech

Private

Domestic

Friendly

Single Bidder

United States

payments platform

FinTech

financial

Acquisition

Majority

Completed

Synopsis

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Fifth Third Bancorp, a diversified financial services company, completed the acquisition of Rize Money, a fintech infrastructure platform that provides fintechs, non-bank financial institutions, non-financial brands, and other technology companies. Financial terms were not disclosed. "Fifth Third Bank’s track record in this space and dedication to empowering its clients with financial technology innovation continues to impress us," Justin Howell, Rize Money Founder.

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