Mogo / Carta Worldwide 2020
Mogo acquired Carta Worldwide for $19M on November 20, 2020.
- Target
- Carta Worldwide
- Acquirer
- Mogo
- Deal value
- $19M
- Announced
- November 20, 2020
- Sub-sector
- Payments
Transaction overview
- Mogo announced the acquisition of Carta Worldwide on November 20, 2020 for $19M.
- The deal is expected to close pending customary conditions.
Strategic rationale
Mogo acquires Carta's payment processing engine to enhance digital wallet capabilities and launch peer-to-peer payments, entering the $2.5 trillion global digital payments market.
Deal terms & multiples
Frequently asked questions
How much did Mogo pay for Carta Worldwide?
Mogo acquired Carta Worldwide for $19M, announced on November 20, 2020.
When did Mogo announce the acquisition of Carta Worldwide?
Mogo announced the acquisition of Carta Worldwide on November 20, 2020.
What sub-sector is Carta Worldwide in?
Carta Worldwide is tracked in the Payments sub-sector.
Sources
- betakit.com /today-in-acquisitions-abcellera-mogo-carebook-well-health/