Windsor Drake Market Intelligence
Transaction · Lending Tech (Consumer) · 2022

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.

Strategic rationale

Expands Tonik's lending capabilities by acquiring TendoPay's consumer lending platform in the Philippines market.

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 2, 2022
Acquirer
Tonik Financial (Strategic)
Sub-sector
Lending Tech (Consumer)

Sources

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