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Transactions

March 2020
Barcelona, Spain
has agreed to be acquired by
Bologna, Italy


Background

Strands is an exciting FinTech company with offices in Spain, Buenos Aires, Miami and Kuala Lumpur, Malaysia that develops a cloud-based, white-labeled personal financial and business financial management software for the global banking industry, with more than 700 implementations at banks (Tier 1 to Tier 4) in 36 countries to date. The company leverages its expertise in AI-powered predictive analytics, open API, and big data processing in order to create highly-customizable money management software that empowers people and small and medium-sized businesses to be smarter with their money.

Strands’ board of directors engaged Marlin & Associates to help them evaluate their strategic and financial options in order to provide liquidity to long-time investors, including BBVA. This transaction was signed with a seller based in Spain – and the ultimate buyer based in Italy: two countries deep in the midst of battling the COVID-19 pandemic, both suffering catastrophic human losses, intense unrest, and severe financial market turbulence. These two companies were able to negotiate and agree on terms, conduct due diligence reviews, and complete their transaction during the most severe disruption to economic activities since the Great Depression of the 1930s.