Capstone Headwaters, a leading international investment banking firm, advised Lantern, a revolutionary financial technology company, on its acquisition by a leading financial lending corporation. The buyer and terms of the deal were not disclosed.
David Francione, Managing Director, for Capstone Headwaters’ Financial Technology Practice, commented, “you have two of the best-of-breed companies in their respective markets and by combining the technology with the buyer’s footprint will provide a very differentiated offering in the marketplace."
The seller offers a flexible platform that uses transformative technology to empower customers in their credit decision-making process. They are a financial technology company partnering with lenders, banks, strategic partners, and credit reporting agencies to provide a proprietary platform that enhances the existing financial infrastructure.
The buyer provides tailored financial products and solutions to several hundred thousand members for borrowing, saving, spending, investing, and protecting their income.
This is one of several transactions Capstone Headwaters has recently advised in the Fintech industry.