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Apto Payments Acquires Fintech Startup Vertical Finance

Sep 09, 2021•over 4 years ago

Acquiring Company

Apto Payments, Inc.

Acquired Company

Fintech

San FranciscoPaymentsLending And InvestmentsFinancial ServicesOther

Description

Apto Payments, a next-generation cards and payments company, today announced its acquisition of challenger credit card startup, Vertical Finance. The move expands both Apto Payments' product offerings and team.

Company Information

Company

Apto Payments, Inc.

Location

717 MARKET STREET

San Francisco, California, United States

About

Apto Payments is a next-generation cards and payments platform committed to democratizing access to financial services by putting card issuance within reach for every company, no matter the size or industry. At its core, Apto Payments is a trusted partner for companies looking to embark on card issuance. The team at Apto Payments is highly experienced in the fast-moving fintech space with a history of working on the most innovative card programs in the industry, including the first bitcoin-backed debit card in the U.S. launched in 2015. Today, Apto Payments continues to be a champion for the most developer-first and cardholder-first programs. SOURCE Apto Payments

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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