Windsor Drake
Transaction · Lending Tech (Consumer) · 2021

Upstart / Prodigy Software 2021

Upstart Holdings acquired Prodigy Software on April 1, 2021.

Target
Prodigy Software
Acquirer
Upstart Holdings
Announced
April 1, 2021
Sub-sector
Lending Tech (Consumer)

Transaction overview

  • Upstart Holdings announced the acquisition of Prodigy Software on April 1, 2021.

Strategic rationale

Accelerate expansion into auto lending market by acquiring e-commerce platform for vehicle discovery and consumer checkout.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
April 1, 2021
Acquirer
Upstart Holdings (Strategic)
Sub-sector
Lending Tech (Consumer)

Sources

  • fool.com /investing/2021/12/28/2-growth-stocks-115-and-130-upside-wall-street/

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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