Add-on Acquisition • Financial Services

Key Bank Acquires GradFin

On May 9, 2022, Key Bank acquired financial services company GradFin

Acquisition Context

This is Key Bank’s 6th transaction in the Financial Services sector.
This is Key Bank’s 9th transaction in the United States.
This is Key Bank’s 1st transaction in Pennsylvania.

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M&A Deal Summary
Date	May 9, 2022
Target	GradFin
Sector	Financial Services
Buyer(s)	Key Bank
Deal Type	Add-on Acquisition

Target Company

GradFin

Philadelphia, Pennsylvania, United States

GradFin offers high-touch advisory solutions for individuals seeking assistance with student loan debt. GradFin experts provide one-stop shopping for borrowers seeking debt solutions, with a particular focus on working with financial advisors and their clients. GradFin was founded in 2015 and is based in Philadelphia, Pennsylvania.

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Buyer Overview 1

Buyer

Key Bank

Cleveland, Ohio, United States

Category	Company
Founded	1849
Sector	Financial Services
Employees	17,406
Revenue	4.4B USD (2024)

DESCRIPTION

Key Bank is a provider of investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. Key Bank was founded in 1849 and is based in Cleveland, Ohio.

Deal Context for Buyer	#
Overall	9 of 9
Sector: Financial Services	6 of 6
Type: Add-on Acquisition	6 of 6
State: Pennsylvania	1 of 1
Country: United States	9 of 9
Year: 2022	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2021-11-22	XUP Payments Charlotte, North Carolina, United States XUP Payments is a B2B focused digital platform. XUP's technology enables simple, intuitive, client onboarding and servicing experiences. XUP Payments was founded in 2020 and is based in Charlotte, North Carolina.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2021-11-22

XUP Payments

Charlotte, North Carolina, United States

XUP Payments is a B2B focused digital platform. XUP's technology enables simple, intuitive, client onboarding and servicing experiences. XUP Payments was founded in 2020 and is based in Charlotte, North Carolina.

Buy

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