Windsor Drake
Transaction · BaaS · 2024

OneEthos / ToolCharm 2024

OneEthos acquired ToolCharm on December 4, 2024.

Target
ToolCharm
Acquirer
OneEthos
Announced
December 4, 2024
Sub-sector
BaaS

Transaction overview

  • OneEthos announced the acquisition of ToolCharm on December 4, 2024.

Strategic rationale

Acquire AI and natural language API capabilities to enhance product offerings for mission-driven financial institutions and operational efficiency.

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 4, 2024
Acquirer
OneEthos (Strategic)
Sub-sector
BaaS

Sources

  • trinidadtimes.com /news/274820591/oneethos-acquires-artificial-intelligence-startup-toolcharm-to-accelerate-nationwide-expansion

Comparable transactions in BaaS

Primary Event type Counterparty Value Sub-sector Date
Banco Master Transaction Fictor Holding Financeira BaaS November 18, 2025
Brass Transaction Paystack BaaS May 1, 2024
Mbanq Transaction Temenos BaaS December 2, 2022
Technisys Transaction SoFi $1.1B BaaS February 22, 2022
Kensington Mortgages Transaction Starling Bank BaaS November 14, 2021
Hub Fintech Transaction Magazine Luiza BaaS December 21, 2020