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New Deal


Announced

Thrive Mortgage to merge with Lower.

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 company

FinTech

United States

financial sercives

Acquisition

Domestic

Majority

Merger

Private

Pending

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Synopsis

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Thrive Mortgage, a mortgage broker firm, agreed to merge with Lower, a multi-channel, digital home lender. Financial terms were not disclosed. "The commitment of Thrive to our team and our customers has always been to deliver the best mortgage experience with the highest quality resources. This has driven us to focus on having the best people with the most forward-thinking technology in the i­­­ndustry, all of which is propelled forward with this partnership with Lower," Roy Jones, Thrive Mortgage Chairman.

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