GBank Financial Holdings / BankCard Services 2023
GBank Financial Holdings Inc. acquired BankCard Services for $10M on December 14, 2023.
- Target
- BankCard Services
- Acquirer
- GBank Financial Holdings Inc.
- Deal value
- $10M
- Announced
- December 14, 2023
- Sub-sector
- Payments
Transaction overview
- GBank Financial Holdings Inc. announced the acquisition of BankCard Services on December 14, 2023 for $10M.
- The deal is expected to close pending customary conditions.
Strategic rationale
Acquire proprietary prepaid account and cashless gaming payment solutions to expand gaming fintech division and generate fee income.
Deal terms & multiples
Frequently asked questions
How much did GBank Financial Holdings Inc. pay for BankCard Services?
GBank Financial Holdings Inc. acquired BankCard Services for $10M, announced on December 14, 2023.
When did GBank Financial Holdings Inc. announce the acquisition of BankCard Services?
GBank Financial Holdings Inc. announced the acquisition of BankCard Services on December 14, 2023.
What sub-sector is BankCard Services in?
BankCard Services is tracked in the Payments sub-sector.
Sources
- tmcnet.com /usubmit/2023/12/14/9934731.htm