Windsor Drake Market Intelligence
Transaction · Lending Tech (Consumer) · 2024

Multitude Bank / Lea Bank 2024

Multitude Bank acquired Lea Bank on October 10, 2024.

Target
Lea Bank
Acquirer
Multitude Bank
Announced
October 10, 2024
Sub-sector
Lending Tech (Consumer)

Transaction overview

  • Multitude Bank announced the acquisition of Lea Bank on October 10, 2024.

Strategic rationale

Strengthens presence in Nordic and European digital consumer finance; positions Multitude as largest shareholder with path to ~18.6% ownership and attractive dividend yield.

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 10, 2024
Acquirer
Multitude Bank (Strategic)
Sub-sector
Lending Tech (Consumer)

Sources

Comparable transactions in Lending Tech (Consumer)

Primary Event type Counterparty Value Sub-sector Date
Republic Finance Transaction J.C. Flowers-Led Investor Group Lending Tech (Consumer) June 26, 2026
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Tally Transaction LendingClub Bank and Pagaya Technologies Lending Tech (Consumer) October 9, 2024
TendoPay Transaction Tonik Financial Lending Tech (Consumer) December 2, 2022
Prodigy Software Transaction Upstart Holdings Lending Tech (Consumer) April 1, 2021