M&A Deal Summary

LSQ Funding Acquires Qwil

On May 26, 2022, LSQ Funding acquired information technology company Qwil

Acquisition Highlights
  • This is LSQ Funding’s 1st transaction in the Information Technology sector.
  • This is LSQ Funding’s 1st transaction in the United States.
  • This is LSQ Funding’s 1st transaction in California.

M&A Deal Summary

Date 2022-05-26
Target Qwil
Sector Information Technology
Buyer(s) LSQ Funding
Deal Type Add-on Acquisition

Target

Qwil

San Francisco, California, United States
Qwil is a fintech company that provides early payments to staffing firms. The company provides the contingent staffing market with financial tools and solutions. Its marquee service is an embedded finance product offering early payments to staffing firms which helps them have liquidity up to 180 days before they're paid by their clients. Qwil was formed in 2015 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

LSQ Funding

Orlando, Florida, United States

Category Company
Founded 1996
Sector Financial Services
DESCRIPTION

LSQ Funding is a technology-enabled provider of invoice and supply chain finance solutions to small and mid-sized businesses across a range of industries and geographies within the United States. The Company primarily provides factoring and asset-based lending solutions and helps clients outsource the back-office administration of accounts receivable management and expedite the cash conversion cycle. LSQ was founded in 1996 and is founded in Orlando, Florida.


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: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1