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  6. Ingo Payments Acquires Deposits

M&A Deal Summary

Ingo Payments Acquires Deposits

On September 5, 2024, Ingo Payments acquired information technology company Deposits

Acquisition Highlights
  • This is Ingo Payments’ 1st transaction in the Information Technology sector.
  • This is Ingo Payments’ 1st transaction in the United States.
  • This is Ingo Payments’ 1st transaction in Texas.

M&A Deal Summary
Date 2024-09-05
Target Deposits
Sector Information Technology
Buyer(s) Ingo Payments
Deal Type Add-on Acquisition

Target

Deposits

Dallas, Texas, United States
Deposits is a pioneering fintech company providing modern banking software and infrastructure. The company offers a suite of modular, API-driven solutions that enable banks and organizations of all sizes to rapidly build and deploy customized financial products and deliver exceptional financial experiences through its flexible, scalable technology platform. Deposits was formed in 2021 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Ingo Payments

Alpharetta, Georgia, United States
Category Company
Sector Information Technology
DESCRIPTION

Ingo Payments enables banks, fintechs and brands to build, launch, and scale innovative financial experiences through its bank-grade, compliance-first end-to-end platform, complete with money mobility capabilities built on top of a modern money stack, that provides the foundation for account funding, mobile deposits, payouts, digital wallets, bank account creation, card issuing, PFM, and rewards solutions across a wide range of industries and use cases. Ingo Payments is based in Alpharetta, Georgia.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
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