A Birmingham-based payments and engagement technology provider has acquired an Atlanta-based company.
Dash Solutions acquired KyckGlobal, a fintech company and payments platform.
KyckGlobal was founded by Ashish Bahl in 2018. Bahl was also the founder of Harbor Payments and Acculynk. Financial details were not disclosed.
Since nabbing a $96 million investment from Edison Partners in 2021, Dash Solutions, formerly Prepaid Technologies, has invested in its tech platform, working to expand into new markets. Dash Solutions partnered with KyckGlobal for several years before the acquisition and plans to leverage the acquisition to strengthen its core offerings of pay, rewards and incentives, expense management and corporate disbursements.
“We’re continuing to make major investments in our core solutions and technology to ensure we’re providing our customers and partners with innovative payment solutions that meet their pressing payments needs and that means continuously delivering cutting-edge features and configurability,” said Stephen Faust, CEO of Dash Solutions. “KyckGlobal’s platform is an outstanding complement to our existing digital and card-based offerings."
Through partnerships with Visa, MasterCard and Discover, Dash Solutions saw major growth over the past five years. It delivers billions in payments annually.
Keefe Bruyette & Woods was financial adviser to KyckGlobal throughout the deal.
