M&A Deal Summary

First Rate Acquires Finantech

On January 19, 2023, First Rate acquired internet software and services company Finantech

Acquisition Highlights
  • This is First Rate’s 1st transaction in the Internet Software and Services sector.
  • This is First Rate’s 1st transaction in Chile.

M&A Deal Summary
Date 2023-01-19
Target Finantech
Sector Internet Software and Services
Buyer(s) First Rate
Deal Type Add-on Acquisition

Target

Finantech

Santiago, Chile
Finantech is a Chilean based wealthtech that offers comprehensive reporting solutions to family offices and private banks. Finantech is based in Santiago, Chile.

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Buyer(S) 1

Buyer

First Rate

Arlington, Texas, United States
Category Company
Founded 1991
Sector Software
DESCRIPTION

First Rate is a fast-growing financial software company serving financial institutions worldwide. First Rate’s flexible and intelligent solutions adapt to the evolving demands and complex challenges of the wealth management industry. First Rate was founded in 1991 and is based in Arlington, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Chile) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 Vantage Software

Arlington, Texas, United States

Vantage Software offers intuitive and robust accounting, analysis, and reporting solutions for global investment firms, helping them effectively monitor investments, streamline accounting and reporting, collaborate on deal flow, and strengthen investor relationships. Vantage Software is based in Arlington, Texas.

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