M&A Deal Summary

Empower Finance Acquires Petal Card

On April 9, 2024, Empower Finance acquired information technology company Petal Card

Acquisition Highlights
  • This is Empower Finance’s 1st transaction in the Information Technology sector.
  • This is Empower Finance’s 1st transaction in the United States.
  • This is Empower Finance’s 1st transaction in Georgia.

M&A Deal Summary
Date 2024-04-09
Target Petal Card
Sector Information Technology
Buyer(s) Empower Finance
Deal Type Add-on Acquisition

Target

Petal Card

Atlanta, Georgia, United States
Petal Card is a consumer credit card and financial technology company. Petal Card is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Empower Finance

San Francisco, California, United States
Category Company
Founded 2016
Sector Financial Services
DESCRIPTION

Empower Finance is a financial technology company offers innovative financial products in a seamless mobile experience. Lines of credit are provided by FinWise Bank, Member FDIC. Empower Finance was founded in 2016 and is based in San Francisco, CA.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

Legal