Progress Partners, a Boston and New York-based M&A advisory firm, has advised Vyze on its sale to Mastercard.
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 Keith Nealon says: “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.”
