Credova, a flexible payment provider for consumers and businesses, has entered an agreement and plan of merger with PublicSquare, a marketplace platform, involving the exchange of approximately 2.9 million shares of PublicSquare Class A common stock for all outstanding shares of Credova and the cancellation of Credova's subordinated debt with either repaid or exchanged for newly-issued 10-year PublicSquare promissory notes, convertible into Class A common stock.

Following the acquisition, Credova will operate as a subsidiary of PublicSquare and  Dusty Wunderlich (CEO of Credova) will join PublicSquare to continue operating Credova’s business as part of PublicSquare.

Through this acquisition, PublicSquare intends to integrate Credova's offerings into its marketplace, creating a full-stack platform that combines payments, financing solutions, and a marketplace. The acquisition will also provide PublicSquare immediate access to the BNPL payments market, achieving new sales and financing opportunities for Credova and PublicSquare merchants.

Analyst QuickTake: Leading up to the acquisition, Credova also partnered with Guidefitter (July 2023) to leverage Guidefitter’s 300+ brand partners to increase its flexible payment product reach and with Bravo Store Systems (October 2023) to integrate Credova's BNPL solution into Bravo's software platform.