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Announced

Completed

Mercurity Fintech Holding completed the acquisition of NBPay.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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fintech

Private

fintech company

United States

FinTech

Majority

Completed

Single Bidder

Acquisition

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Synopsis

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Fintech firm Mercurity Fintech Holding, completed the acquisition of NBPay, a cross-border money transfer service provider. Financial terms were not disclosed. "We have a natural synergy with NBPay and are very glad to acquire this great company as part of our infrastructure. NBPay has developed a borderless remittance platform based on blockchain technology, and we expect to use this expertise to enhance our existing business and serve our customers better by providing new solutions," Mercurity Fintech.

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