Fintech
Deposify flipped by private equity firm in multimillion-dollar deal
Insuretech firm is sold on by Sunriver Ventures just 11 months after it was acquired
Deposify, an Irish-founded ‘escrow-as-a-service’ company that was acquired by the US private equity firm Sunriver Ventures earlier this year, has been quickly sold on in a multimillion-dollar deal.
Founded by Jon Bayle and Dave Brennan in 2014, Deposify is a platform that allows landlords and tenants to manage and control how and when rental deposits are paid, and to resolve deposit-related disputes quickly.
The Dublin-headquartered but US-focused company was bought by Dallas-based Sunriver for an ...