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.
Strategic rationale
Major Australian bank acquired fintech startup behind neobank Up to expand digital banking capabilities and build home lending products.
Deal terms & multiples
Sources
- itnews.com.au /news/neobank-up-eyes-slack-canvas-587680