Blackhawk Community is buying incentive supply expertise firm Tango Card.
Based in 2009, Tango Card has skilled 800% development since 2018.
Phrases of the deal, which is predicted to shut later this 12 months, had been undisclosed.
It takes two to tango. That’s what pay as you go card and funds merchandise supplier Blackhawk Community (BHN) could have realized this week. The California-based firm has acquired incentive supply expertise firm Tango Card for an undisclosed quantity.
As soon as the deal closes, BHN shoppers, together with Tango’s current prospects, will profit from Tango’s B2B incentives platform and buyer help. Tango was based in 2009 to assist enterprises reward their staff with a pay as you go card, charity donation, direct deposit, or by way of a number of greater than 1,000 present playing cards. The corporate, which first demoed at FinovateFall 2016, skilled important development previously six years, having grown 9x, equal to 800%.
“Becoming a member of BHN at the moment offers a once-in-a-company alternative to proceed innovating on this area, higher help our prospects’ evolving world wants and create superior experiences for recipients,” mentioned Tango Founder and CEO David Leeds.
BHN, which is finest recognized for its present playing cards and egifts, additionally affords rewards and incentives instruments for enterprises to present staff, prospects, and suppliers. Moreover, the corporate has a digital fee system for company payouts, reduction help, and extra.
“We have now been a longtime companion to Tango and had been additionally an early investor. We’re thrilled with the chance to mix the perfect of BHN with the perfect of Tango to offer main, world, scalable options and innovation to the rewards and incentives business,” mentioned BHN President and CEO Talbott Roche.
The deal, which marks BHN’s 14th acquisition because it was based in 2001, is predicted to shut later this 12 months.
Photograph by Sora Shimazaki
