Despegar / Koin 2020
Despegar acquired Koin for $4M on November 12, 2020.
- Target
- Koin
- Acquirer
- Despegar
- Deal value
- $4M
- Announced
- November 12, 2020
- Sub-sector
- Lending
Transaction overview
- Despegar announced the acquisition of Koin on November 12, 2020 for $4M.
Strategic rationale
Acquire fintech lending capability to appeal to unbanked travel buyers in Latin America and drive online bookings from offline markets.
Deal terms & multiples
Sources
- skift.com /2020/11/12/despegar-believes-financial-tech-will-hasten-an-online-travel-recovery-in-latin-america/