Transaction · Treasury / Cash Management · 2026

Coupa acquires Tonkean

Coupa acquired Tonkean for $1.0B on May 22, 2026.

Target: Tonkean
Acquirer: Coupa
Deal value: $1.0B
Announced: May 22, 2026
Sub-sector: Treasury / Cash Management

Coupa acquires Tonkean to add AI orchestration to spend management platform

Deal value: $1.0B
Target revenue: —
Target EBITDA: —
EV / Revenue: —
EV / EBITDA: —
Announcement: May 22, 2026
Close date: —
Acquirer: Coupa (Strategic)
Target HQ: —
Deal type: —
Sub-sector: Treasury / Cash Management

Source: pymnts.com