The private-equity firm Flexpoint Ford has put Dash Financial Technologies up for sale, four people familiar with the matter said.
Dash is expected to sell for $700 million to $1 billion, two of the people said.
Jefferies Financial Group
is advising on the process, the people said.
It is the latest fintech company to go up for sale. Barron’s has previously reported that Tribute Technology, which provides software to funeral homes that lets them offer payments and e-commerce, is on the block and seeking more than $1 billion. And Evertec (ticker: EVTC), which offers merchant acquiring and payments in 26 countries throughout Latin America, has hired Goldman Sachs to find a buyer.
Based in New York, Dash provides multi-asset trading technology and execution services platforms. The company was formed in 2017, when Dash merged with LiquidPoint, a unit of Convergex Group, according to The Wall Street Journal.