M&A Deal Summary

Black Dragon Capital Acquires PayOnWard

On November 15, 2022, private equity firm Black Dragon Capital acquired internet software and services company PayOnWard

Acquisition Highlights
  • This is Black Dragon Capital’s 4th transaction in the Internet Software and Services sector.
  • This is Black Dragon Capital’s 6th transaction in the United States.
  • This is Black Dragon Capital’s 4th transaction in Florida.

M&A Deal Summary

Date 2022-11-15
Target PayOnWard
Sector Internet Software and Services
Buyer(s) Black Dragon Capital
Deal Type Consolidation

Target

PayOnWard

Boca Raton, Florida, United States
PayOnward is a cloud-native universal payments platform that empowers community based financial institutions to offer a full suite of AI driven digital payment solutions for both business and consumers through a easy to use and efficient integrated solution. PayOnWard was founded in 2022 and is based in Boca Raton, Florida.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

DESCRIPTION

Black Dragon Capital is a private equity firm focused on growth-oriented, technology investments in ecommerce, financial services, sports, and media. The Firm looks for opportunities that can benefit from the Firm's expertise with distribution and operations. Target companies typically are profitable with $5 to $25 million in revenue. Black Dragon Capital is based in Miami, Florida.


DEAL STATS #
Overall 7 of 8
Sector: Internet Software and Services M&A 4 of 5
Type: Consolidation M&A Deals 2 of 2
State: Florida M&A 4 of 4
Country: United States M&A 6 of 7
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-08 Veep

Boca Raton, Florida, United States

Veep is a socially responsible SaaS based HR and payments technology platform, designed to allow hourly employees, under-privileged and under-represented wage earners to access earned wages faster and at a lower cost than other exploitive alternatives, without exposing critical personal information about the employee. Veep is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-07 GenAspire

United States

GenAspire is a next-generation digital banking solution designed to empower teens and young adults with financial literacy, real-world money management tools, and a secure entry point into the banking system.

Buy -