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New Deal


Announced

Completed

TruStage Ventures completed an investment in Happy Money.

Financials

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

Tags

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Acquisition

Private Equity

Completed

Private

Single Bidder

Minority

financial services

lending services

FinTech

fintech

United States

Friendly

Domestic

Synopsis

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TruStage Ventures, a private equity firm, completed an investment in Happy Money, a fintech services provider. Financial terms were not disclosed. "Lending is critically important to credit unions, and more credit unions need digital lending capabilities to serve the needs of their members. TruStage and Happy Money share a deep commitment to credit unions and members. TruStage recognizes the lending power and capabilities that Happy Money brings to credit unions, and we are excited to continue working with Happy Money as we embark upon this next chapter of our partnership," Brian Kaas, TruStage Ventures President and Managing Director.

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