SWB to go public via a SPAC with Soulpower Acquisition Corporation in a $8.1bn deal.

SWB, a Cayman Islands–based fintech vehicle established to launch SOUL World Bank, agreed to go public via a SPAC with Soulpower Acquisition Corporation, a blank check company, in a $8.1bn deal. “My brothers and I are proud to finally share our vision of building a new world bank called SOUL. People are sick and tired of legacy financial institutions. Our business model embraces new technologies – like AI, stablecoins, and tokenization – that shift the power dynamic from the privileged few towards the everyday many. We are bringing financial freedom to the global 99%. SOUL will be the most loved bank on earth," Justin Lafazan, Soulpower CEO.