Netfin to merge with Teriterras Fintech in a $674m deal.

Netfin Acquisition, a special purpose acquisition company targeting businesses in the fintech industry, agreed to merge with Teriterras Fintech, a fintech company for commodity trading, in a $674m deal. Upon closing of the transaction, a newly formed Cayman holding company to be named “Triterras” will acquire Triterras Fintech and Netfin and register its shares for listing on the Nasdaq Stock Market under a new ticker symbol. “Our business combination with Triterras Fintech creates a leading pure-play fintech company that is digitizing a large and growing industry, while making transactions more cost-efficient, secure and faster. We believe Triterras Fintech will deliver strong near and long-term value for Netfin shareholders. We look forward to supporting Triterras Fintech’s leadership through their new growth phase as a public company,” Marat Rosenberg, Netfin President and Director.