M&A Deal Summary

Vezbi Acquires Vezbi Pay

On May 4, 2023, Vezbi acquired information technology company Vezbi Pay from Ingenia AI for 10M USD

Acquisition Highlights
  • This is Vezbi’s 1st transaction in the Information Technology sector.
  • This is Vezbi’s largest (disclosed) transaction.
  • This is Vezbi’s 1st transaction in the United States.
  • This is Vezbi’s 1st transaction in California.

M&A Deal Summary
Date 2023-05-04
Target Vezbi Pay
Sector Information Technology
Buyer(s) Vezbi
Sellers(s) Ingenia AI
Deal Type Divestiture
Deal Value 10M USD

Target

Vezbi Pay

Pleasanton, California, United States
Vezbi Pay provides payment solutions.

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Buyer(S) 1

Buyer

Vezbi

Pasadena, California, United States
Category Company
Sector Software
DESCRIPTION

Vezbi is a community-driven Super App designed to organize and consolidate all facets of life in one centralized application. Vezbi is based in Pasadena, California.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Ingenia AI

Pleasanton, California, United States
Category Company
Founded 2023
Sector Software
DESCRIPTION

Ingenia AI is a tech venture studio focused on empowering entrepreneurs to solve real problems and accelerate growth. Ingenia AI was founded in 2023 and is based in Pleasanton, California.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
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