Flexpoint Acquires LaaS Provider Baker Hill
Healthcare and financial services focused private equity firm Flexpoint Ford has acquired Baker Hill, a Lending-as-a-Service provider and portfolio company of middle market investment firm The Riverside Company.
Financial terms of the deal were not disclosed.
Carmel, IN-based Baker Hill will tap into Flexpoint team’s experience and fintech knowledge of bank and credit union clients and leverage its capital to fund product developments and acquisitions.
John M. Deignan, Baker Hill’s President and CEO, and the existing leadership team will continue to lead the business and remain shareholders in the company.
“Baker Hill has a long-standing reputation for being a trusted provider of differentiated loan origination and risk management software, which has helped fuel our consistent growth each year,” said Deignan.
With $7.5 billion of assets under management, Flexpoint Ford has invested in more than 40 companies since 2005.
Baker Hill offers banks and credit unions a SaaS solution for commercial, small business, and consumer loan origination, as well as risk management tools.