FinTech September 19, 2023

Wagestream acquires Keebo, HLaw act on the sell side

HLaw is pleased to have advised on the sell-side of Wagestream’s acquisition of long time HLaw client Keebo.

VC-backed challenger credit card venture Keebo was founded in 2019 by Michael Vanaselja. The HLaw team had advised on a number of equity financing rounds where capital had been raised by Connect Ventures, Breega, and others.

Wagestream – also VC-backed – is “a financial wellbeing platform for frontline workers, founded by charities, proven by data and built around flexible pay.”

We were delighted to have acted on a successful exit for Michael as well as the investors and other management shareholders. He commented:

“Humphreys acted for us as Keebo went through the funding rounds and they were there at the exit on the sell side, playing an invaluable part in making the deal happen – they have a great team there who know their stuff in the FinTech and technology sectors.”

Humphreys Law

Deal/project: M&A

Date closed: September 2023

Space: FinTech

Other lawyers and advisors: Cooley acting for the buyer