Digital customer engagement firm Rewardle agreed to acquire micro-investing capabilities for the Rewardle platform, obtaining distribution rights for the Upstreet Fund.
The transaction involves a one-time payment of $30,000 and ongoing monthly operating costs of approximately $15,000.
The deal is contingent on a 21-day due diligence period, during which both parties will assess their willingness to proceed.
The acquisition terms include rebranding the fund and allowing unit holders to redeem their investments.