Funds, Inc. signs share purchase agreement to acquire Asia Money Fintech Company
Nov 27, 2024•8 months ago
Acquiring Company
Funds
Acquired Company
Asia Money Fintech Company
Description
Funds, Inc., a Tokyo-based company, has entered into a share purchase agreement to acquire a portion of the common shares of Asia Money Fintech Company (AMFC), which provides financial services such as Sales Finance and BNPL to individuals. The acquisition aims to promote Funds Inc.'s overseas business, focusing on the consumer finance sector, and to collaborate with AMFC to enhance the value of the Funds platform.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed