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  6. Rapid Finance Acquires Thrive

M&A Deal Summary

Rapid Finance Acquires Thrive

On October 3, 2022, Rapid Finance acquired information technology company Thrive

Acquisition Highlights
  • This is Rapid Finance’s 1st transaction in the Information Technology sector.
  • This is Rapid Finance’s 1st transaction in Canada.
  • This is Rapid Finance’s 1st transaction in Ontario.

M&A Deal Summary
Date 2022-10-03
Target Thrive
Sector Information Technology
Buyer(s) Rapid Finance
Deal Type Add-on Acquisition

Target

Thrive

Hamilton, Ontario, Canada
Thrive is a digital lending platform provider. Thrive is based in Hamilton, Ontario.

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Buyer(S) 1

Buyer

Rapid Finance

Bethesda, Maryland, United States
Category Company
Founded 2005
Sector Financial Services
DESCRIPTION

Rapid Finance is an online financial services company that offers flexible funding solutions to small and medium-sized businesses. Rapid Finance was established in 2005 and is based in Bethesda, Maryland.

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: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2022 M&A 1 of 1
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