Vyze is an innovative financial technology firm with a proven,
multi-lender consumer credit approval platform for the retail and
E-commerce industries
BOSTON & NEW YORK–(BUSINESS WIRE)–Progress
Partners, a Boston and New York-based M&A advisory firm, is pleased
to announce that it has advised Vyze
on their sale to Mastercard,
a leading technology company in the global payments industry. Vyze’s
accessible and customizable E-commerce platform through the Cloud will
expand existing card and ACH-based credit solutions.
With this mandate, Progress Partners strengthens their presence in the
Financial Technology market as they expand to Payments and related
companies. The M&A advisory team for this transaction was led by Senior
Managing Director Chris Legg and Managing Director David Arslanian – “We
believe that bringing together Vyze and Mastercard creates a powerful
solution for the credit lending industry, especially in retail, and we
are excited to see what the this joint venture delivers to the market,”
said Chris Legg.
With Vyze’s ability to connect retailers to a network of lenders with
more options and higher approval rates, we believe this will enhance the
ability to empower banks and other lending partners to engage in the
growing trend of retail financing as a strategic partner.
Vyze CEO reflects on the partnership, “Mastercard has a long history of
building an incredibly powerful network, connecting some of the world’s
most influential financial institutions, merchants and innovators,” said
Keith Nealon. “With their relationships and scale, we see a great
opportunity to reach exponentially more partners and consumers.”
Read more about the acquisition via Mastercard’s press
release.
About Progress Partners
Progress Partners is a Boston and
New York-based M&A advisory firm working with emerging technology
companies within media, marketing, advertising sectors, serving SMB
through Enterprise. Progress Partners works with buyers and sellers of
high growth companies to complete M&A transactions, raise debt or equity
capital, as well as, develop and implement strategic growth plans. The
firm’s high standards of excellence, deep industry experience, extensive
network, and entrepreneurial background give Progress Partners the
ability to build and realize superior value for its clients. Securities
offered by Applied Capital, LLC, member of FINRA and SIPC. Visit www.progresspartners.com
for more information.
Contacts
Progress Partners
Rachael LaMalva
Director of Marketing
[email protected]
