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  6. NextPoint Acquires LoanMe

M&A Deal Summary

NextPoint Acquires LoanMe

On February 22, 2021, NextPoint acquired financial services company LoanMe for 102M USD

Acquisition Highlights
  • This is NextPoint’s 1st transaction in the Financial Services sector.
  • This is NextPoint’s 2nd largest (disclosed) transaction.
  • This is NextPoint’s 2nd transaction in the United States.
  • This is NextPoint’s 1st transaction in California.

M&A Deal Summary
Date 2021-02-22
Target LoanMe
Sector Financial Services
Buyer(s) NextPoint
Deal Type Add-on Acquisition
Deal Value 102M USD

Target

LoanMe

Anaheim, California, United States
Founded in 2014, LoanMe is a tech-enabled, consumer and small business lender that has originated over US$2 billion of loans to more than 340,000 borrowers. Its current product suite includes consumer installment loan offerings of between US$1,000 and US$20,000, and small business and merchant cash advance loans up to US$100,000.

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Buyer(S) 1

Buyer

NextPoint

Vancouver, British Columbia, Canada
Category Company
Founded 2020
Sector Financial Services
DESCRIPTION

NextPoint is a provider of financial services to clients. NextPoint was founded in 2020 and based in Vancouver, British Columbia.

DEAL STATS #
Overall 2 of 2
Sector: Financial Services 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 2 of 2
Year: 2021 M&A 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22  Liberty Tax

Virginia Beach, Virginia, United States

Liberty Tax is a nationwide tax return preparation and related services firm that offers services through online solutions. Liberty Tax was formed in 1997 and is based in Virginia Beach, Virginia.

Buy $252M
Mergr

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