Windsor Drake
Transaction · Payments · 2021

Stax / CardX 2021

Stax acquired CardX on November 30, 2021.

Target
CardX
Acquirer
Stax
Announced
November 30, 2021
Sub-sector
Payments

Transaction overview

  • Stax announced the acquisition of CardX on November 30, 2021.

Strategic rationale

Acquire automated surcharging platform to enhance merchant payment processing capabilities and enable zero-cost credit card acceptance.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
November 30, 2021
Acquirer
Stax (Strategic)
Sub-sector
Payments

Sources

  • prnewswire.com /news-releases/stax-acquires-cardx-an-automated-surcharging-platform-301431769.html

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