Lendesk / Finmo 2020
Lendesk acquired Finmo Financial Technologies on October 27, 2020.
- Target
- Finmo Financial Technologies
- Acquirer
- Lendesk
- Announced
- October 27, 2020
- Sub-sector
- Mortgage Tech
Transaction overview
- Lendesk announced the acquisition of Finmo Financial Technologies on October 27, 2020.
- The deal is expected to close pending customary conditions.
Strategic rationale
Lendesk acquires digital mortgage origination platform to extend broker-lender experience to homebuyers through Finmo's Smart Docs and digital application technology.
Deal terms & multiples
Frequently asked questions
When did Lendesk announce the acquisition of Finmo Financial Technologies?
Lendesk announced the acquisition of Finmo Financial Technologies on October 27, 2020.
What sub-sector is Finmo Financial Technologies in?
Finmo Financial Technologies is tracked in the Mortgage Tech sub-sector.
Sources
- crowdfundinsider.com /2020/10/168455-canadian-mortgage-fintech-lendesk-announces-acquisition-of-digital-mortgage-origination-provide-finmo/