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Blackhawk Community is buying incentive supply know-how firm Tango Card.
Based in 2009, Tango Card has skilled 800% progress since 2018.
Phrases of the deal, which is predicted to shut later this yr, have 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 know-how firm Tango Card for an undisclosed quantity.
As soon as the deal closes, BHN purchasers, together with Tango’s current clients, will profit from Tango’s B2B incentives platform and buyer assist. Tango was based in 2009 to assist enterprises reward their workers with a pay as you go card, charity donation, direct deposit, or by way of a collection of greater than 1,000 present playing cards. The corporate, which first demoed at FinovateFall 2016, skilled vital progress previously six years, having grown 9x, equal to 800%.
“Becoming a member of BHN at the moment gives a once-in-a-company alternative to proceed innovating on this area, higher assist our clients’ evolving international wants and create superior experiences for recipients,” stated Tango Founder and CEO David Leeds.
BHN, which is finest identified for its present playing cards and egifts, additionally gives rewards and incentives instruments for enterprises to present workers, clients, and suppliers. Moreover, the corporate has a digital cost system for company payouts, aid assist, and extra.
“We’ve got been a longtime accomplice to Tango and have been additionally an early investor. We’re thrilled with the chance to mix the most effective of BHN with the most effective of Tango to supply main, international, scalable options and innovation to the rewards and incentives trade,” stated 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 yr.
Photograph by Sora Shimazaki
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