CAPITAL ONE FINANCIAL CORP acquired BlueTarp Financial for Not disclosed, a transaction announced in June 2019.
BlueTarp Financial operates in B2B trade credit, is based in Portland, Maine, USA. Capital One agreed to acquire BlueTarp Financial, a business-to-business trade-credit financing company headquartered in Portland, Maine. BlueTarp delivers customized B2B credit-management programs to merchants and small- to medium-sized businesses, providing a unified purchase-to-payment system with accounts-receivable management tools, cash-flow visibility and risk protection. The deal expanded Capital One's credit-card partnerships and B2B servicing capabilities. Terms were not disclosed.
Expands Capital One's credit-card partnerships and B2B servicing capabilities, adding a unified purchase-to-payment platform serving large merchants and SMBs.
A specialized B2B trade-credit platform that broadens Capital One's commercial and merchant-partnership reach. Expanded card partnerships and B2B servicing. Integrated into Capital One's card-partnerships business.
BlueTarp offers a unified purchase-to-payment system and fosters strong banking relationships with large merchants and small- to medium-sized businesses alike.Buck Stinson, Senior Vice President of Card Partnerships, Capital One
Advisory firms were not disclosed for this transaction.