Nate Stulman

Nate Stulman is a Partner and Head of FinTech. He joined the firm in 2020.

Nate has two decades of experience in financial services and fintech, advising established and emerging financial services, commerce, and technology companies and sponsors on mergers & acquisitions, strategic partnerships, capital, and other value-creating initiatives. Clients include leading banks, lenders, payments networks, merchants, commerce platforms, and asset managers. Prior to joining Solomon, Nate was a Managing Director at Moelis & Company and Greenhill & Co.

Areas of expertise include credit cards, consumer finance, point of sale and sales finance, financial technology, market infrastructure, private credit and other specialized financial services.

Recent M&A and financing transactions include:

• A leading premium credit card program management company on its sale to a major global bank
• CURO on the sale of Flexiti subsidiary to Questrade
• ECN Capital on its sale of Kessler Group to Stone Point Capital
• On the Barrelhead on its sale to NerdWallet
• CIBC on its acquisition of the Costco credit card portfolio from Capital One
• Stoic Lane on a capital raise anchored by Oaktree in conjunction with the acquisition of Interfirst Mortgage
• GoodLeap on a forward flow agreement with a top 15 US bank holding company
• PayBright on its sale to Affirm
• Bakkt, a subsidiary of Intercontinental Exchange, on its merger into VPC Impact Acquisition

Nate is a leading advisor in the credit card sector across M&A transactions, partnerships, and portfolio valuations. Representative engagements include:

• Saks Fifth Avenue on the movement of its credit card program to Bread Financial from Capital One
• A digital specialty apparel company on the renegotiation of its credit card program with a major US bank
• A major US bank on the renegotiation of its credit card program with a major US airline
• BJ’s Wholesale Club on the movement of its credit card program to Capital One from Bread Financial
• CIBC on the acquisition of the Costco Canada credit card portfolio from Capital One
• Gap on the movement of its credit card program to Barclays and Mastercard from Synchrony and Visa
• Bank of America on the valuation of a credit card portfolio in connection with a sale to Bread Financial
• Mattress Firm on the renegotiation of its private label credit card program with Synchrony Financial
• Walmart on the movement of its credit card program to Capital One from Synchrony Financial
• L.L.Bean on the movement of its credit card program to Citi and Mastercard from Barclays and Visa
• TD Bank on the acquisitions of credit card portfolios from Nordstrom and Target
• Aimia on the sale of Aeroplan to Air Canada and the renegotiation of credit card programs among TD Bank, CIBC, Visa, and American Express
• Dillard’s on the movement of its credit card program to Wells Fargo from GE Capital