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Pappas Seafood sold to financial technology firm

Original: Crab cake institution Pappas sells to financial technology firm

Pappas, the Baltimore-area crab cake institution, has been sold to a financial technology firm. The deal ends the family-run seafood restaurant's independent ownership, drawing attention across Maryland where Pappas is a household name for its crab cakes. The Banner reported the sale, though terms of the transaction and the buyer's plans for the restaurants were not immediately detailed.

Why now: The surprising acquisition of a beloved local restaurant by a fintech company is prompting chatter about the brand's future.

PappasBaltimoreThe Baltimore Banner

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