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New Deal


Announced

Completed

Bnk To The Future to acquire SALT.

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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United States

Friendly

Domestic

Single Bidder

Acquisition

crypto lending

Private

Completed

IT Services: Other

Synopsis

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Bnk To The Future, an online investment platform, agreed to acquire SALT, a crypto-backed lending firm. Financial terms were not disclosed. "Never has the importance of leadership, regulations and over collateralization been more relevant in the crypto industry than right now, given the painful lessons of 2022's collapse. We see a time-sensitive threat to our sector, which could be an opportunity to help bring trust and hope back to so many who have been devastated by recent events, and a clear path towards a compliant business that we have been working on since late 2016," Shawn Owen, SALT CEO.

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