MeridianLink® Completes Acquisition of StreetShares®

Rhea-AI Summary

MeridianLink, Inc. (NYSE: MLNK) has successfully completed its acquisition of StreetShares®, a financial technology firm specializing in digital small business lending solutions for banks and credit unions. This acquisition enhances MeridianLink's software platforms targeted at financial institutions and expands its offerings for small business banking. With StreetShares' Atlas Platform, MeridianLink aims to provide a comprehensive suite of digital lending products, reinforcing its position as a leader in modern financial technology.

Positive

• Acquisition of StreetShares enhances MeridianLink's software offerings.
• Expands digital small business lending capabilities for financial institutions.
• Strategic acquisition supports market growth and service diversification.

Negative

• None.

COSTA MESA, Calif.--(BUSINESS WIRE)-- MeridianLink, Inc.® (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced the successful completion of its acquisition of StreetShares®, a mission-driven financial technology company that provides digital small business lending technology to banks and credit unions.

About MeridianLink

MeridianLink^® (NYSE: MLNK) is a leading provider of cloud-based software solutions for financial institutions, including banks, credit unions, mortgage lenders, specialty lending providers and consumer reporting agencies. Headquartered in Costa Mesa, California, MeridianLink provides services to more than 1,900 customers, including a majority of the financial institutions on Forbes’ 2021 lists of America’s Best Credit Unions and Banks. Further information can be found at meridianlink.com.

About StreetShares

StreetShares® is a small business banking software-as-a-service (SaaS) technology company that powers community banks, credit unions, and non-financial organizations. Its Atlas Platform offers a full suite of digital, white-labeled, small business banking products to their customers. StreetShares technology was voted “Best in Show” by community bank executives at the American Banker Small Biz Banking Conference, and the StreetShares team has been recognized as EY Entrepreneurs of the Year, Innovators of the Year, and other honors. For more information, visit streetshares.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220401005422/en/

Press Contact:

Becky Frost

(714) 784-5839

becky.frost@meridianlink.com

Investor Relations Contact:

Erik Schneider

(714) 332-6357

InvestorRelations@meridianlink.com

Source: MeridianLink

FAQ

What is the strategic importance of MeridianLink's acquisition of StreetShares?

The acquisition allows MeridianLink to enhance its digital lending solutions for small businesses, expanding its market presence and service offerings.

How will the acquisition of StreetShares affect MeridianLink's business operations?

MeridianLink will integrate StreetShares' digital small business lending technology into its current offerings, providing a more comprehensive suite of products to its clients.

When was the acquisition of StreetShares completed by MeridianLink?

MeridianLink announced the successful completion of the acquisition of StreetShares on April 1, 2022.

What technology does StreetShares provide that benefits MeridianLink?

StreetShares provides a digital small business banking platform known as the Atlas Platform, which offers a range of lending products to community banks and credit unions.

What is the stock symbol for MeridianLink?

MeridianLink trades under the stock symbol 'MLNK' on the New York Stock Exchange.