Windsor Drake
Transaction · Card Issuing · 2026

Citi / Kard 2026

Citi acquired Kard on August 14, 2026.

Target
Kard
Acquirer
Citi
Announced
August 14, 2026
Sub-sector
Card Issuing

Transaction overview

  • Citi announced the acquisition of Kard on August 14, 2026.

Strategic rationale

Citi acquires rewards fintech Kard to strengthen consumer cards and commerce ecosystem

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
August 14, 2026
Acquirer
Citi (Strategic)
Sub-sector
Card Issuing

Sources

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