M&A
confidence high
sentiment positive
materiality 0.75
Paymentus acquires Payveris for $152.2M; expands Instant Payment Network to banks/credit unions
Paymentus Holdings, Inc.
- Total consideration $152.2M: ~$85.7M cash + ~$66.5M in Paymentus Class A common stock (44% stock, 56% cash).
- Payveris enables over 265 banks/credit unions to modernize bill pay, P2P/A2A money movement via cloud-based platform.
- Acquisition expected to close Q3 2021, subject to customary conditions; lock-up on shares until Nov 22, 2021.
- Separately entered stock purchase agreement to acquire Finovera for ~293,611 shares, expected close Q3 2021.