Assets of Money.net acquired by investor group

A group of individual investors led by Vincent Sangiovanni, completed the acquisition of the assets of Money.net Incorporated through their wholly owned acquisition entity, Money.net Holdings, Inc. The assets were acquired by Money.net Holdings as part of a bankruptcy filing that was approved by the United States Bankruptcy Court on June 4, 2021.

Vincent Sangiovanni, Chief Executive Officer of Money.net Holdings noted, “We are pleased with the purchase price of the Money.net assets, and we look forward to working with the team supporting the business as we grow the business by delivering innovative financial research and analytics.”