Tonik Financial / TendoPay 2022
Tonik Financial acquired TendoPay on December 2, 2022.
- Target
- TendoPay
- Acquirer
- Tonik Financial
- Announced
- December 2, 2022
- Sub-sector
- Lending Tech (Consumer)
Transaction overview
- Tonik Financial announced the acquisition of TendoPay on December 2, 2022.
- The deal is expected to close pending customary conditions.
Strategic rationale
Expands Tonik's lending capabilities by acquiring TendoPay's consumer lending platform in the Philippines market.
Deal terms & multiples
Frequently asked questions
When did Tonik Financial announce the acquisition of TendoPay?
Tonik Financial announced the acquisition of TendoPay on December 2, 2022.
What sub-sector is TendoPay in?
TendoPay is tracked in the Lending Tech (Consumer) sub-sector.
Sources
- dealstreetasia.com /stories/tonik-financial-tendopay-deal-319591