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New Deal


Announced

Completed

Vanquis Banking Group completed the acquisition of uSnoop.

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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money saving fintech

Domestic

Single Bidder

United Kingdom

FinTech

Acquisition

Majority

Private

Completed

Friendly

Synopsis

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Vanquis Banking Group, a specialist bank, completed the acquisition of uSnoop, a money-saving fintech company. Financial terms were not disclosed. “Vanquis Banking Group is uniquely positioned to become the leading lender to underserved consumers. Snoop’s technology will enable the Group to provide a differentiated proposition to its customers with tools enabling them to manage their finances better and save them money. I am delighted Snoop is becoming part of our Group and am confident that the combination of our customers and scale, with Snoop’s market leading technology, will allow us to go from strength to strength," Ian McLaughlin, Vanquis Banking Group Incoming CEO.

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