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M&A Deal Summary

MCAP Acquires QwickRate

On February 2, 2023, MCAP acquired business services company QwickRate

Acquisition Highlights
  • This is MCAP’s 1st transaction in the Business Services sector.
  • This is MCAP’s 1st transaction in the United States.
  • This is MCAP’s 1st transaction in Georgia.

M&A Deal Summary
Date 2023-02-02
Target QwickRate
Sector Business Services
Buyer(s) MCAP
Deal Type Add-on Acquisition

Target

QwickRate

Marietta, Georgia, United States
QwickRate provides the premier CD Marketplace for non-brokered funding and investing. With more than 3,000 subscribers, the company offers a cost-effective way for institutions to gain direct access to a nationwide CD market. QwickRate also offers other robust tools for community financial institutions including QwickAnalytics for affordable access to interactive research on all U.S. banks, performance analysis, and regulatory tools, including CECLSolver. Its IntelliCredit division delivers loan review and credit intelligence solutions that provide easy, affordable ways for community banks to expedite loan reviews, detect hotspots and take earlier action to reduce credit losses. QwickRate, a Preferred Service Provider of The Independent Community Bankers of America (ICBA), is known for its exceptional customer service, which includes unlimited support and valuable on-staff regulatory guidance. QwickRate is based in Marietta, Georgia.

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Buyer(S) 1

Buyer

MCAP

New York, New York, United States
Category Company
Founded 1995
Sector Information Technology
Employees7
DESCRIPTION

MCAP operates as a financial technology company that operates three subsidiaries: MCAP Technologies LLC, MBIT LLC, and MCAP LLC. MCAP Technologies LLC develops financial technology software and application software utilized in various global financial markets. MBIT LLC is a digital asset company focused on blockchain integration in the global financial markets. MCAP LLC is a U.S. based broker-dealer focused on electronic securities market making. MCAP LLC connects institutional investors, broker-dealers and ,companies to the global equity and fixed income markets on a 24/7 basis. MCAP focuses on developing technologies to provide customers with customized trading solutions, trading platforms and ,unique market access. MCAP was founded in 1995 and is based in New York, New York.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
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