Add-on Acquisition • Information Technology

Prime Trust Acquires FundAmerica

On July 24, 2018, Prime Trust acquired information technology company FundAmerica

Acquisition Context
  • This is Prime Trust’s 1st transaction in the Information Technology sector.
  • This is Prime Trust’s 1st transaction in the United States.
  • This is Prime Trust’s 1st transaction in Nevada.

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M&A Deal Summary

Date July 24, 2018
Target FundAmerica
Sector Information Technology
Buyer(s) Prime Trust
Deal Type Add-on Acquisition

Target Company

FundAmerica

Las Vegas, Nevada, United States
FundAmerica LLC is a multi-million dollar, profitable business with proprietary software and systems that are focused on serving anyone using the internet to raise capital. Its technology supports traditional securities offerings that issue stocks and bonds, as well as those engaging in the digitalization of securities and assets and issuing tokens.
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Buyer Overview 1

Buyer

Prime Trust

Summerlin, Nevada, United States

Category Company
Founded 2016
Sector Business Services
DESCRIPTION

Prime Trust is chartered, insured financial institution that as a "Qualified Custodian" provides token and FIAT custody, funds processing, AML/KYC compliance, and transaction technology for the new digital economy. Prime Trust was founded in 2016 and is based in Summerlin, Nevada.


Deal Context for Buyer #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 1 of 1
State: Nevada 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1