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New Deal


Announced

Completed

WonderFi, Coinsquare and CoinSmart completed the formation of a joint venture.

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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Private

crypto asset trading platform

FinTech

Canada

Friendly

Acquisition

Single Bidder

Domestic

Joint Venture

Majority

Completed

Synopsis

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WonderFi, a technology company, Coinsquare, a private company incorporated under the laws of Canada provides customers with a proprietary platform, and CoinSmart, a crypto asset trading platform, completed the formation of a joint venture. "At the heart of all great innovation is a consumer that is driven to adopt new technology to improve their personal or professional lives. WonderFi has always been dedicated to bringing the best and most relevant products for our users to market. What we will deliver with the combination of both Coinsquare and CoinSmart is a unique platform where users will trade, earn and pay with crypto, invest in equities, and soon, place wagers all in one compliant ecosystem. With this combination, we have the scale to be the market leader in Canada, a strong balance sheet that will allow for expansion, and a clear path to profitability," Dean Skurka, WonderFi President and Interim CEO.

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