Transaction · Payments · 2022

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.

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

Deal value: Not disclosed
Target revenue: Not disclosed
Target EBITDA: Not disclosed
EV / Revenue: Not disclosed
EV / EBITDA: Not disclosed
Announcement: December 15, 2022
Acquirer: Cuentas (Strategic)
Sub-sector: Payments

Sources

itnewsonline.com /news/Cuentas-Inc-Acquires-Majority-Control-of-CuentasMAX-With-Exclusive-Rights-to-WaveMaxs-SharedFi-R-WiFi6-5G-Patented-Technology/12441

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