Bendigo and Adelaide Bank / Ferocia 2021
Bendigo and Adelaide Bank acquired Ferocia on August 1, 2021.
- Target
- Ferocia
- Acquirer
- Bendigo and Adelaide Bank
- Announced
- August 1, 2021
- Sub-sector
- Neobank
Transaction overview
- Bendigo and Adelaide Bank announced the acquisition of Ferocia on August 1, 2021.
- The deal is expected to close pending customary conditions.
Strategic rationale
Major Australian bank acquired fintech startup behind neobank Up to expand digital banking capabilities and build home lending products.
Deal terms & multiples
Frequently asked questions
When did Bendigo and Adelaide Bank announce the acquisition of Ferocia?
Bendigo and Adelaide Bank announced the acquisition of Ferocia on August 1, 2021.
What sub-sector is Ferocia in?
Ferocia is tracked in the Neobank sub-sector.
Sources
- itnews.com.au /news/neobank-up-eyes-slack-canvas-587680