Progress Partners Advises on Sale of Vyze to Mastercard
Vyze is an innovative financial technology firm with a proven, multi-lender consumer credit approval platform for the retail and E-commerce industries
BOSTON, MA and New York, NY – May 3, 2019 – 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.