San Francisco, CA - October 26, 2018 - Serent Capital, a San Francisco-based private equity firm focused on investing in growing, profitable industry leaders, participated in Thoma Bravo's investment consolidating MeridianLink and the ACTion, Synergy, and Achieve divisions of CRIF Lending Solutions. The combined organization, named MeridianLink, services approximately 1,200 customers and over 300,000 end users.
MeridianLink provides mission-critical software solutions to financial institutions and launched what has become the industry standard for web-based lending and account opening technology. Their solutions are built by developers who believe in the product, and their ongoing innovation adapts to the evolving credit landscape. They cover many thousands of the nation's top retail banks, credit unions, and credit vendors, all of whom rely on MeridianLink's solutions to empower their members and customers to achieve the things that matter most.
Thoma Bravo facilitated Serent's investment in the company. "Over the past decade, Serent has established itself as one of the leading investors in financial technology," said A.J. Rohde, Partner at Thoma Bravo. "We are thrilled to have them join us as investors in MeridianLink, as we believe their market expertise will make them a valuable partner in helping us scale MeridianLink organically and inorganically."
"We are very excited to have the chance to partner with MeridianLink and Thoma Bravo. MeridianLink is a market leader in the lending operations space, and we are eager to help the company grow and capitalize on secular trends in the financial services software market", said Lance Fenton, Partner at Serent Capital.
Serent's investment in MeridianLink represents its fourteenth investment in fintech and its fifth platform in the lending technology market. Serent continues to pursue opportunities that help bring solutions and technologies to this growing market.
About MeridianLink
MeridianLink, Inc., developer of the industry's first multi-channel account opening and loan origination platform, is a leading provider of enterprise business solutions for financial service organizations. The company's passion for excellence is reflected in their web-based credit reporting, lending and new account opening/deposit technologies, which all enjoy solid reputations as being cutting edge, reliable and affordable. Based in Costa Mesa, California, MeridianLink is committed to creating smart solutions that deliver real value. For additional information, visit www.meridianlink.com.
About Serent Capital
Serent Capital invests in growing businesses that have developed compelling solutions that address their customers' needs. As those businesses grow and evolve, the opportunities and challenges that they face evolve with them. Principals at Serent Capital have firsthand experience at capturing those opportunities and navigating those challenges through their experiences as CEOs, strategic advisors, and board members to successful growing businesses. By bringing its experience and capital to bear, Serent helps growing businesses thrive.
