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Payward to acquire Magic Labs' wallet business

PRIVATEJul 27, 2026•13 days ago

Acquiring Company

Payward

Acquired Company

Magic Labs

CheyenneInformation TechnologyBlockchain

Description

Payward, Inc. has entered into a definitive agreement to acquire the wallet-as-a-service business of Magic Labs. This acquisition aims to enhance Payward Services' B2B offerings with embedded wallets. Magic Labs is a recognized provider of non-custodial wallet infrastructure.

Company Information

Company

Payward

Location

1603 Capitol Ave.

Cheyenne, Wyoming, United States

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Magic Labs?

Magic Labs was acquired by Payward, based in Cheyenne. The deal was reported on July 27, 2026. Payward is privately held and operates in Information Technology.

When did Payward acquire Magic Labs?

Payward's acquisition of Magic Labs was reported on July 27, 2026. Payward, Inc. has entered into a definitive agreement to acquire the wallet-as-a-service business of Magic Labs. This acquisition aims to enhance Payward Services' B2B offerings with embedded wallets. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Magic Labs do?

Magic Labs is a leading non-custodial wallet infrastructure provider. The company has powered over 60 million wallets and facilitated more than $10 billion in stablecoin volume. It is privately held, operating in Blockchain.

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