Acquisition aims to accelerate Euronet’s digital transformation strategy, expand the company’s U.S. footprint and extend CoreCard’s access to global markets
Euronet and CoreCard are coming together in a deal that could reshape the landscape of digital finance. Euronet , a global force in payments and cross-border transactions, has announced its plan to acquire CoreCard Corporation , a respected name in credit technology and processing services. The agreement, valued at around $248 million, is structured as a stock-for-stock merger that values each CoreCard share at $30.
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This move is more than just a financial transaction—it’s a strategic step forward for both companies. For Euronet, it represents a major leap toward building a more diversified and future-proof revenue model. By bringing CoreCard’s powerful credit platform into the fold, Euronet is strengthening its ability to offer scalable, next-generation solutions in the fast-evolving world of digital financial services.
CoreCard isn’t just any acquisition target—it’s a tech company trusted by top-tier financial players. It helped power one of the most successful co-branded credit cards in the U.S., working with Goldman Sachs, and now supports new-age fintechs like Cardless, the partner behind the Coinbase credit card. Its platform is built for speed, flexibility, and seamless integration—qualities that make it a perfect match for the demands of modern banks and fintech innovators.
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Michael J. Brown, Euronet’s Chairman and Chief Excutive Officer, emphasized the significance of this merger: “This isn’t just about adding a new product. It’s about accelerating our long-term growth and becoming a key partner in the future of digital finance. CoreCard’s capabilities combined with our Ren platform and global reach will allow us to compete at a whole new level.” He also praised CoreCard’s team, noting that their innovation and customer-focused approach align perfectly with Euronet’s values.
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Leland Strange, CoreCard’s CEO, shared a similar sentiment, saying, “Joining Euronet is an exciting next chapter for us. We’ve built a robust platform that powers some of the world’s biggest brands, and now we have the opportunity to scale our vision on a global stage. This partnership is a great match for our people, our technology, and our mission.”
The merger has already received approval from both companies’ boards and is expected to close by the end of 2025, pending shareholder approval and regulatory clearance. Once complete, this union promises to unlock new innovation, reach new markets, and offer a compelling value proposition to banks, fintechs, and consumers worldwide.
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