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.
- The deal is expected to close pending customary conditions.
Strategic rationale
Temenos acquires minority stake in Mbanq to expand BaaS market presence in US and deliver end-to-end embedded finance infrastructure combining composable banking with digital wallet and compliance capabilities.
Deal terms & multiples
Frequently asked questions
When did Temenos announce the acquisition of Mbanq?
Temenos announced the acquisition of Mbanq on December 2, 2022.
What sub-sector is Mbanq in?
Mbanq is tracked in the BaaS sub-sector.
Sources
- finanznachrichten.de /nachrichten-2022-12/57741457-temenos-erweitert-vereinbarung-mit-mbanq-zur-beschleunigung-von-banking-as-a-service-in-den-usa-382.htm