M&A Deal Summary

Global Payout Acquires ISBC Holdings

On July 21, 2016, Global Payout acquired financial services company ISBC Holdings

Acquisition Highlights
  • This is Global Payout’s 1st transaction in the Financial Services sector.
  • This is Global Payout’s 2nd transaction in the United States.
  • This is Global Payout’s 1st transaction in Nevada.

M&A Deal Summary
Date 2016-07-21
Target ISBC Holdings
Sector Financial Services
Buyer(s) Global Payout
Deal Type Add-on Acquisition

Target

ISBC Holdings

Reno, Nevada, United States
ISBC Holdings Ltd. is a domestic and international bank management company acting as the sole manager of International Sovereign Bank Corporation (ISBC), a private international bank. ISBC is a privately owned Sovereign Nation Bank to be held on the Sovereign Tribal land of the Wakpamni Lake Community, Oglala Sioux Tribe located at the Pine Ridge Tribal Reservation in South Dakota.

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Buyer(S) 1

Buyer

Global Payout

San Diego, California, United States
Category Company
Founded 2009
Sector Internet Software and Services
Revenue 136M USD (2013)
DESCRIPTION

Global Payout, Inc. is provider of B2B custom and conventional electronic payment solutions for domestic, international and multinational businesses, organizations and government agencies worldwide.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Nevada) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-09 Maxie Mobile

Vista, California, United States

Maxie Mobile, Inc. is a mobile payments provider focused on underserved markets in the United States and globally. Maxie Mobile's mobile payment application is given away for free and is designed to operate on any mobile smartphone platform including Android, Apple, Blackberry and Windows based phones. From their phones, app users are able to pay bills, cash their checks, top-up a prepaid phone, send money to 120 countries, and make free long distance calls. Users also receive a virtual and prepaid debit card enabling on-line and retail purchasing and instant access to ATMs.

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