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Announced

Completed

SoftBank Group completed a $146m investment in Qraft Technologies.

Financials

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Transaction Value£107m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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FinTech

Completed

Single Bidder

Acquisition

Friendly

South Korea

fintech platform

financial technology

Cross Border

Minority

Private

Synopsis

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SoftBank Group completed a $146m investment in Qraft Technologies, an AI enabled fintech company. The proposed transaction is expected to accelerate Qraft’s ongoing expansions into the US and China, while the two parties will also embark upon strategic projects that aim to pursue the possibilities of developing AI-enabled public portfolio management systems for SoftBank.

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