MoneyDesktop Inc, a PFM provider that caters to credit unions and regional banks, has acquired MoneyReef, a mobile PFM provider.
Terms of the transaction weren’t disclosed.
The purchase lets the Provo, Utah-based company grow out its mobile initiatives.
“Increasing our clients’ loan volume has always been our top priority and PFM adoption and usage is where it all begins,” said Ryan Caldwell, chief executive, in a statement.
MoneyDesktop has signed more than 310 financial institutions.