M&A Deal Summary

Equals Group Acquires CardOneBanking

On August 8, 2017, Equals Group acquired information technology company CardOneBanking for 15M GBP

Acquisition Highlights
  • This is Equals Group’s 1st transaction in the Information Technology sector.
  • This is Equals Group’s 0th largest (disclosed) transaction.
  • This is Equals Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2017-08-08
Target CardOneBanking
Sector Information Technology
Buyer(s) Equals Group
Deal Type Add-on Acquisition
Deal Value 15M GBP

Target

CardOneBanking

Chester, United Kingdom
website
Cardonebanking is an independent, FCA authorised company that has been providing current accounts and payment services since 2007. Company are experts in providing accessible but highly functional current accounts not only for personal account customers, but for small businesses as well. With no credit checks, no branch visits or signatures required, company open accounts more quickly and with less fuss than the high street banks.

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Buyer(S) 1

Buyer

Equals Group

London, United Kingdom

website

Category Company
Founded 2014
Sector Information Technology
Employees266
Revenue 44M GBP (2021)
DESCRIPTION

Equals Group is a international payment services provider, incorporated in the UK in 2005. The Company has developed a cloud-based peer-to-peer payments platform that enables personal and business customers to make easy, low-cost multi-currency payments in a broad range of currencies and across a range of FX products all via one integrated system. The FairFX platform facilitates payments either direct to Bank Accounts or at 30 million merchants and over 1 million ATM's in a broad range of countries globally via Mobile apps, the Internet, SMS, wire transfer and MasterCard/VISA debit cards. Equals Group was founded in 2014 and is headquartered in London, United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 2 of 2
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-19 Q Money

Hertfordshire, United Kingdom

Q Money Ltd. is a provider of low cost multicurrency payments service.

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