Transaction · Payments · 2024

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.

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

Deal value: Not disclosed
Target revenue: Not disclosed
Target EBITDA: Not disclosed
EV / Revenue: Not disclosed
EV / EBITDA: Not disclosed
Announcement: December 23, 2024
Acquirer: Fiserv (Strategic)
Sub-sector: Payments

Sources

pymnts.com /payroll/2024/platforms-providers-expand-with-earned-wage-access-acquisitions-buildouts/

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