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  6. Lumni Acquires Paytronage

M&A Deal Summary

Lumni Acquires Paytronage

On May 8, 2018, Lumni acquired internet software and services company Paytronage

Acquisition Highlights
  • This is Lumni’s 1st transaction in the Internet Software and Services sector.
  • This is Lumni’s 1st transaction in the United States.
  • This is Lumni’s 1st transaction in New York.

M&A Deal Summary
Date 2018-05-08
Target Paytronage
Sector Internet Software and Services
Buyer(s) Lumni
Deal Type Add-on Acquisition

Target

Paytronage

New York, New York, United States
Paytronage, Inc. is a direct-to-consumer marketplace connecting institutional lenders to students interested in taking out income share agreements. Paytronage was founded in 2017 and is based in Manhattan, New York.

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Buyer(S) 1

Buyer

Lumni

Falls Church, Virginia, United States
Category Company
Founded 2002
Sector Financial Services
DESCRIPTION

Lumni, Inc. is a provider of an income share agreements with nearly 10,000 students funded throughout Colombia, Mexico, Peru, Chile, and the U.S.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
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