LoanMe Now Officially Part of NextPoint

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The Canadian SPAC deal to merge LoanMe with Liberty Tax was finally completed last month after being announced in February.

The combined entity, NextPoint Financial, trades on the Toronto Stock Exchange under the ticker NPF.

“In just over a year from establishing this SPAC, we have closed two acquisitions that immediately create a financial services company with scale and opportunities for synergistic growth,” said Andy Neuberger, Chairman of NextPoint Financial. “With a management team and board comprised of proven executives and operators across the financial services, digital and retail sectors, we have very quickly created an organization that is set to impact how financial services are delivered to North America consumers and small businesses.”

The deal is especially significant in the small business finance space since it will place LoanMe’s small business loan and merchant cash advance products into 2,700 Liberty Tax storefronts throughout North America.

Last modified: August 11, 2021

Category: Business Lending

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