Windsor Drake Market Intelligence
Transaction · Mortgage Tech · 2020

Lendesk / Finmo 2020

Lendesk Technologies acquired Finmo Financial Technologies on October 27, 2020.

Target
Finmo Financial Technologies
Acquirer
Lendesk Technologies
Announced
October 27, 2020
Sub-sector
Mortgage Tech

Transaction overview

  • Lendesk Technologies announced the acquisition of Finmo Financial Technologies on October 27, 2020.

Strategic rationale

Adds Finmo's fully digital mortgage origination capabilities to Lendesk's broker network and lender connectivity platform.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
October 27, 2020
Acquirer
Lendesk Technologies (Strategic)
Sub-sector
Mortgage Tech

Sources

  • prnewswire.com /news-releases/leading-canadian-mortgage-tech-company-lendesk-acquires-digital-mortgage-origination-provider-finmo-301160614.html

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