BNCCORP Acquired by OppFi | Financial Services M&A Deal

OppFi has acquired BNCCORP, a payments processing business in Arizona, for approximately $130 million. OppFi acquisitions are aimed at expanding financial services M&A capabilities by adding BNCCORP’s payment processing operations and related transaction infrastructure. BNCCORP acquisition supports OppFi’s strategic acquisition strategy in AZ acquisitions, strengthening its position in payments processing acquisition within the financial services sector. The merger acquisition is structured as a strategic acquisition and was announced as a definitive agreement, with deal value reported around $130 million and an expected closing subject to customary conditions.