logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Torpago Acquires Wishlife Technologies To Continue Rapid Expansion

Mar 17, 2022•almost 4 years ago

Acquiring Company

Torpago, Inc.

Acquired Company

Wishlife

San FranciscoLending And InvestmentsFinancial ServicesInformation TechnologySoftwareInformation TechnologySoftware

Description

FinTech spend management platform Torpago announces today the acquisition of Wishlife, a technology company that specializes in innovative and secure video communications and content management software. The acquisition is uniquely structured as an all-stock deal, affirming Wishlife's belief in the mission, vision, and values of Torpago's brand and continued growth for the company. Earlier this year, Torpago announced the closing of a $77 million round - made up of $2M debt equity and $75 million in credit facilities - led by Operate, after over 100% MOM growth through 2021.

Company Information

Company

Torpago, Inc.

Location

156 2ND STREET

San Francisco, California, United States

About

Torpago is a FinTech spend management platform on a mission to disrupt traditional corporate credit cards and modernize spend management for businesses of all sizes. Torpago empowers companies with simple and easy solutions that grant more extensive control and transparency of company spend. Launched in 2020, the Torpago cards and software enable hundreds of businesses to better manage spend.

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

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