Temenos / Mbanq 2022
Temenos acquired Mbanq on December 2, 2022.
- Target
- Mbanq
- Acquirer
- Temenos
- Announced
- December 2, 2022
- Sub-sector
- BaaS
Transaction overview
- Temenos announced the acquisition of Mbanq on December 2, 2022.
Strategic rationale
Temenos acquired minority stake in Mbanq to expand BaaS market presence and offer end-to-end embedded finance infrastructure combining Temenos composable banking platform with Mbanq's digital wallet and compliance capabilities.
Deal terms & multiples
Sources
- finanznachrichten.de /nachrichten-2022-12/57741457-temenos-erweitert-vereinbarung-mit-mbanq-zur-beschleunigung-von-banking-as-a-service-in-den-usa-382.htm