Fiserv / Payfare 2024
Fiserv acquired Payfare on December 23, 2024.
- Target
- Payfare
- Acquirer
- Fiserv
- Announced
- December 23, 2024
- Sub-sector
- Payments
Transaction overview
- Fiserv announced the acquisition of Payfare on December 23, 2024.
- The deal is expected to close pending customary conditions.
Strategic rationale
Combines Payfare's earned wage access offerings with Fiserv's processing, banking, and embedded finance capabilities to enhance embedded banking and lending solutions.
Deal terms & multiples
Frequently asked questions
When did Fiserv announce the acquisition of Payfare?
Fiserv announced the acquisition of Payfare on December 23, 2024.
What sub-sector is Payfare in?
Payfare is tracked in the Payments sub-sector.
Sources
- pymnts.com /payroll/2024/platforms-providers-expand-with-earned-wage-access-acquisitions-buildouts/