Euronet announced a definitive agreement to acquire CoreCard Corporation in a stock-for-stock merger transaction valued at approximately $248 million, or $30 per share of CoreCard common stock. This acquisition marks a pivotal step in accelerating Euronet’s strategic goal of diversifying its revenue mix with scalable, modern platforms.
CoreCard provides innovative credit technology solutions and processing services, with its platform trusted by major financial and technology companies, including a successful co-branded credit card offering with Goldman Sachs. The acquisition is expected to be accretive in the first full year post-close.
By integrating CoreCard’s platform with its Ren architecture and global distribution network, Euronet aims to become a leading modern card issuer and innovation partner for digital finance. The transaction is expected to close in late 2025, pending CoreCard shareholder approval and customary closing conditions. The exchange ratio will be between 0.2783 and 0.3142 Euronet shares per CoreCard share, based on Euronet's stock price.
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