Candescent
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Candescent - overview
Established
2024
Location
Atlanta, GA, US
Primary Industry
Financial Services
About
Based in Georgia, US, Digital First Holdings, LLC d/b/a/ Candescent, formerly known as NCR Voyix Corporation's Digital Banking Unit, operates as a provider of digital banking services. In August 2024, Veritas Capital acquired NCR Voyix Corporation's Digital Banking Unit for USD 2. 45 billion in cash. An additional contingent consideration of up to USD 100 million will be provided based on upon the achievement of a specified return on the invested capital at the time of any future sale.
As part of the deal, NCR Voyix Corporation's Digital Banking Unit was rebranded as Candescent. Candescent, the digital banking unit of NCR Voyix Corporation, provides integrated technology solutions for financial institutions. Its offerings include platforms for account opening, digital banking, and branch operations, supporting both consumer and business clients. These solutions are designed to operate across multiple channels, such as mobile, web, ATM, and call centers.
The company also offers a developer hub with extensible tools for customizing digital banking experiences. Candescent's infrastructure is built on cloud-based architecture and incorporates data warehousing and analytics to support personalization and operational insights.
Current Investors
Veritas Capital
Primary Industry
Financial Services
Sub Industries
Commercial Banks, e-Financial, Retail Banks
Website
www.candescent.com/
Verticals
FinTech
Total Amount Raised
Subscriber access only
Candescent - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out | Completed | Candescent | - |
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