Aimia sells half stake in Cardlytics for almost $60mn

August 27, 2019 | Asset Management
Written by FinTech Alliance

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Cardlytics
Aimia sells half stake in Cardlytics for almost $60mn

Loyalty rewards company Aimia has sold around half its stake in Cardlytics.

In Brief:

  • Aimia has sold 1.5mn shares for $59.8mn.

  • Cardlytics is an intelligence platform that works with financial institutions to help boost engagement.

  • Aimia says it will continue to evaluate its remaining investment in Cardlytics.

What does this mean?

Perhaps nothing personal? Aimia is trying to gather capital for bolt-on acquisitions so it is looking to sell shares where it can.

Read more here.

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