Manifest Acquires Nerve To Democratize Banking For All Creators & Entrepreneurs
Feb 21, 2024•almost 2 years ago
Acquiring Company
Manifest Financial
Acquired Company
Nerve Tech
AustinAustinFintechFinanceLendingFintechFinanceFinancial ServicesDescription
Manifest Financial, Inc. has acquired Nerve Tech, Inc., an innovative banking platform serving the unique needs of creators and entrepreneurs. The acquisition represents a significant phase in Manifest's commitment to address the unique banking needs and requirements of entrepreneurs, micro-businesses, and the platforms integral to their success. This strategic acquisition signals a new chapter in banking, ensuring that entrepreneurial needs take center stage with tailored solutions.
M&A Insights
Based on deal dataIntegration 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