Cuentas / CuentasMAX 2022
Cuentas acquired CuentasMAX on December 15, 2022.
- Target
- CuentasMAX
- Acquirer
- Cuentas
- Announced
- December 15, 2022
- Sub-sector
- Payments
Transaction overview
- Cuentas announced the acquisition of CuentasMAX on December 15, 2022.
- The deal is expected to close pending customary conditions.
Strategic rationale
Acquire controlling interest in joint venture combining Cuentas' payments platform with WaveMAX WiFi-5G shared network technology to serve bodegas and small retail.
Deal terms & multiples
Frequently asked questions
When did Cuentas announce the acquisition of CuentasMAX?
Cuentas announced the acquisition of CuentasMAX on December 15, 2022.
What sub-sector is CuentasMAX in?
CuentasMAX is tracked in the Payments sub-sector.
Sources
- itnewsonline.com /news/Cuentas-Inc-Acquires-Majority-Control-of-CuentasMAX-With-Exclusive-Rights-to-WaveMaxs-SharedFi-R-WiFi6-5G-Patented-Technology/12441