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M&A Deal Summary

When I Work Acquires Lean

On July 11, 2023, When I Work acquired financial services company Lean

Acquisition Highlights
  • This is When I Work’s 1st transaction in the Financial Services sector.
  • This is When I Work’s 1st transaction in the United States.
  • This is When I Work’s 1st transaction in California.

M&A Deal Summary
Date 2023-07-11
Target Lean
Sector Financial Services
Buyer(s) When I Work
Deal Type Add-on Acquisition

Target

Lean

San Diego, California, United States
Lean provides financial services for independent workers and delivers financial services custom-built for the rapidly growing flex workforce. The company provides on-demand pay, $1000 cash advances, and financial benefits to flex workers while driving higher revenue and retention for the marketplaces that employ them. It is built on top of a robust data and risk platform enabling the company to provide what others have historically been unable to build in-house, due to high risk, fraud, and margins. Lean is based in San Diego, California.

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Buyer(S) 1

Buyer

When I Work

Minneapolis, Minnesota, United States
Category Company
Sector Software
DESCRIPTION

When I Work is a shift-based workforce management software and delivers a powerful, employee-first experience. When I Work give shift workers a voice that promotes fair scheduling and a place to better manage their work life—enabling them to make every hour they work more meaningful and more valuable. When I Work is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 1 of 1
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 1 of 1
Year: 2023 M&A 1 of 1
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