Deal
FISERV INC acquires Spend Labs Inc.
June 2021
full acquisition
ready
Snapshot
FISERV INC acquired Spend Labs Inc. in June 2021. Spend Labs Inc. is a Payments / commercial card business.
- Acquirer
- FISERV INC
- Target
- Spend Labs Inc.
- Value
- (not disclosed)
- Date
- June 2021
- Type
- full acquisition
- Status
- ready
01 Scorecard
The deal at a glance
Private-market deal
FISERV INC acquires Spend Labs Inc.
Deal value
(not disclosed)
Sector
Payments / commercial card
Date
June 2021
VectorShift
Made on VectorShift
About this deal
FISERV INC acquired Spend Labs Inc., a transaction completed in June 2021.
Spend Labs Inc. operates in Payments / commercial card. Spend Labs Inc. ('SpendLabs') is a mobile-native, cloud-based software provider of commercial card payment solutions, expanding Fiserv's digital capabilities across mobile and desktop devices for small and mid-sized businesses.
Disclosed in Fiserv's FY21 Form 10-K; integrated into the noted operating segment.
Spend Labs Inc. ('SpendLabs') is a mobile-native, cloud-based software provider of commercial card payment solutions, expanding Fiserv's digital capabilities across mobile and desktop devices for small and mid-sized businesses.
Fiserv FY21 Form 10-K, Acquisitions note
Advisors not disclosed
No advisory firms have been disclosed for this transaction.