M&A Deal Summary |
|
|---|---|
| Date | 2024-10-09 |
| Target | Tally Technologies - Intellectual Property Assets |
| Sector | Software |
| Buyer(s) |
Lending Club
Pagaya |
| Sellers(s) | Tally Technologies |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 2006 |
| Sector | Financial Services |
| Employees | 1,025 |
| Revenue | 865M USD (2023) |
LendingClub provides an alternative to the traditional banking system. LendingClub provides a platform for connecting borrowers with lenders. Lending Club is based in San Francisco, California. Lending Club was founded in 2006 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Software) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (California) | 1 of 1 |
| Country (United States) | 3 of 3 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-18 |
Radius Bancorp
Boston, Massachusetts, United States Radius Bank is a community bank offering a full complement of convenient, leading-edge personal and business products and services. The Bank serves consumers, small and middle-market businesses, unions, government entities, and non-profit organizations as its core clients. Radius Bancorp is based in Boston, Massachusetts. |
Buy | $185M |
| Category | Company |
|---|---|
| Founded | 2016 |
| Sector | Information Technology |
| Employees | 591 |
| Revenue | 773M USD (2023) |
Pagaya is a global technology company making life-changing financial products and services available to more people nationwide. By using machine learning, a vast data network, and a sophisticated AI-driven approach, the company provides comprehensive consumer credit and residential real estate solutions for its partners, customers, and investors. Its proprietary API and capital solutions integrate into its network of partners to deliver seamless user experiences and greater access to the mainstream economy. Pagaya Technologies was founded in 2016 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Software) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (California) | 2 of 2 |
| Country (United States) | 3 of 3 |
| Year (2024) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-30 |
Theorem
San Mateo, California, United States Theorem is a Silicon Valley-based institutional asset manager focused exclusively on the consumer credit space, managing assets for global institutional investors for more than a decade. Theorem’s team of PhD researchers and technologists build machine learning models for analyzing and pricing loans and evaluating loan origination platforms to support its institutional fund investment strategies, expressing its technology advantages through active loan selection, primary and secondary loan pool pricing, and proprietary custom joint ventures with originators. Theorem was founded in 2014 and is based in San Mateo, California. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2015 |
| Sector | Software |
Tally’s innovative technology simplifies credit card management, helping users optimize payments, reduce interest, and improve credit health. Tally Technologies was founded in 2015 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Software) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (California) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2024) | 1 of 1 |
