Euronet Worldwide to acquire CoreCard in a $248 m deal.

Euronet Worldwide, a fintech company that offers electronic payment and transaction processing solutions, agreed to acquire CoreCard, a provider of innovative credit technology solutions and processing services, in a $248 m deal. “More than a product expansion, this acquisition will be a catalyst for long-term growth, and we expect it to be accretive in the first full year post close. By integrating CoreCard’s platform with our own Ren architecture and global distribution network, we will be positioned to become a leading modern card issuer and innovation partner for the next generation of digital finance. This acquisition is a natural extension of our strategy to invest in scalable, high-margin businesses that align with long-term market trends. We also value and respect the work of CoreCard’s employees, who we are eager to welcome to Euronet, and we look forward to their contributions to our company in the future,” Michael J. Brown, Euronet Chairman and CEO.