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Rêv Worldwide: Partners with searchlight capital partners to acquire Netspend consumer business | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Rêv Worldwide: Partners with searchlight capital partners to acquire Netspend consumer business

Rêv Worldwide: Partners with searchlight capital partners to acquire Netspend consumer business

  • Rêv Worldwide an international fintech company, and Global Payments a leading worldwide provider of payment technology
  • Announced that in partnership with funds advised by Searchlight Capital Partners, L.P. (“Searchlight”)
  • Entered into a definitive agreement to acquire the Netspend consumer business from Global Payments
  • The acquisition brings back Netspend’s founders, Roy and Bertrand Sosa
  • The Sosa brothers look to leverage the strategic assets of the two entities to build a global
  • Netspend’s consumer products are also available online via direct-to-consumer mobile and web channels

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