Sprints to acquire a 40% stake in Modular Finance.

Sprints, a private equity investment management firm, agreed to acquire a 40% stake in Modular Finance, a SaaS company focusing on the financial markets. Financial terms were not disclosed. "Sprints has a long experience in owning and developing marketplaces and software companies. Modular Finance's products - software tools that also serve to improve the transparency and efficiency of the capital markets - fall right at the intersection of our focus areas. We are grateful for the trust of the founders and look forward to working together to help make the capital markets more transparent and efficient for both companies and investors," Voria Fattahi, Sprints Partner.