M&A Deal Summary

Affirm Acquires Sweep

On April 27, 2016, Affirm acquired software company Sweep

Acquisition Highlights
  • This is Affirm’s 1st transaction in the Software sector.
  • This is Affirm’s 2nd transaction in the United States.
  • This is Affirm’s 2nd transaction in California.

M&A Deal Summary

Date 2016-04-27
Target Sweep
Sector Software
Buyer(s) Affirm
Deal Type Add-on Acquisition

Target

Sweep

San Francisco, California, United States
Sweep, Inc. is a developer of personal finance management app.

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Buyer(S) 1

Buyer

Affirm

San Francisco, California, United States

Category Company
Founded 2012
Sector Financial Services
Employees2,006
Revenue 2.3B USD (2024)
DESCRIPTION

Affirm is a financial technology provider looking to utilize technology to re-imagine and re-build core components of financial infrastructure from the ground up. Affirm was incorporated in 2012 and is based in San Francisco, California.


DEAL STATS #
Overall 2 of 4
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 4
State: California M&A 2 of 3
Country: United States M&A 2 of 3
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 LendLayer

San Francisco, California, United States

LendLayer is a provider of financing solutions for students attending accelerated learning programs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 PayBright

Toronto, Ontario, Canada

PayBright is a technology-enabled point-of-sale (“POS”) real-time consumer payments and lending platform. PayBright provides consumer financing for Canadian healthcare procedures that were not covered by insurance benefits. PayBright was founded in 2009 and is based in Toronto, Ontario.

Buy CA$340M