LEADING FINTECH MONEYTHUMB ACQUIRED BY IRON CREEK

Company Overview - MoneyThumb is a leader in automated document evaluation and fraud detection solutions, founded in 2014, and specializes in underwriting automation software that enhances workflows for funders, lenders, and accountants by converting and analyzing PDF financial documents in seconds [3][6] - The company has developed an AI file tampering detection tool that identifies fraudulent activity quickly, providing lenders with a robust defense against risk and loan losses [3][6] Acquisition Details - MoneyThumb has been acquired by Iron Creek Partners LLC, a private investment firm focused on software, data, communications, and business services industries, with the transaction closing on August 19, 2024 [1][4] - The acquisition is expected to provide growth capital to meet MoneyThumb's strong industry demand, which has resulted in 100% year-over-year growth [1][4] Leadership Changes - Ryan Campbell, who has been with MoneyThumb since 2017, has been appointed as the new CEO and will join the investor group, while founder Ralph Mayer will transition to an advisory role and retain his board seat [2] Strategic Goals - The acquisition is seen as a milestone for MoneyThumb, with plans to accelerate growth and continue delivering exceptional software solutions to help lenders manage risk and provide capital to small businesses more efficiently [4] - Iron Creek Partners aims to leverage its sector experience and relationships to support MoneyThumb's growth and broaden its product suite [4][7]