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SPAC
BUSINESS PRODUCTS & SERVICES

Portfolio Exits

1

Service Providers

1

About Fintech Acquisition

Fintech Acquisition (NASDAQ: FNTCU) is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.

Headquarters Location

712 Fifth Ave 12th Floor

New York, New York, 10019,

United States

212-506-3808

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Latest Fintech Acquisition News

Saxo Bank Keeps 'All Options Open', Says Copenhagen Listing Possible

Jan 10, 2023

Following the termination of its proposed Special Purpose Acquisition Company (SPAC) deal with Amsterdam-listed Disruptive Capital Acquisition Company last month, Saxo Bank says it is keeping “all options open.” Additionally, the Denmark-based broker and online investment bank said NASDAQ Copenhagen is its preferred venue for public listing. The CEO, Kim Fournais told Reuters that the firm is considering giving its outside investors a new means to cash in. This could include an initial public offering (IPO) that could come as early as this year, Fournais told the outlet. Saxo Bank’s abandonment of the SPAC deal last month meant that existing shareholders, Chinese automaker Geely and Finnish insurer Sampo, had to put their plan to liquidate a part of their holdings in the firm on hold. However, an anonymous source told the news outlet that the Danish firm was considering the option of a private share placement. However, Fournais told Reuters no concrete decision has been reached. Similarly, Israel-based eToro, a social trading and multi-asset investment company, terminated its merger deal with a blank-check company, FinTech Acquisition Corp. V in July last year. The Israeli firm had intended to make its public listing debut on NASDAQ following a proposed merger that was first announced in March 2021. Keep Reading Additionally, retail forex trading on the platform declined by -12.2% to $121.3 billion in December, which is down from $138 billion in the prior month. Meanwhile, Saxo Bank recently appointed Mads Dorf Petersen as its permanent Group Chief Financial Officer. Before the permanent position, Petersen served in an interim capacity following the departure of Mette Pedersen in October last year. Following the termination of its proposed Special Purpose Acquisition Company (SPAC) deal with Amsterdam-listed Disruptive Capital Acquisition Company last month, Saxo Bank says it is keeping “all options open.” Additionally, the Denmark-based broker and online investment bank said NASDAQ Copenhagen is its preferred venue for public listing. The CEO, Kim Fournais told Reuters that the firm is considering giving its outside investors a new means to cash in. This could include an initial public offering (IPO) that could come as early as this year, Fournais told the outlet. Saxo Bank’s abandonment of the SPAC deal last month meant that existing shareholders, Chinese automaker Geely and Finnish insurer Sampo, had to put their plan to liquidate a part of their holdings in the firm on hold. However, an anonymous source told the news outlet that the Danish firm was considering the option of a private share placement. However, Fournais told Reuters no concrete decision has been reached. Similarly, Israel-based eToro, a social trading and multi-asset investment company, terminated its merger deal with a blank-check company, FinTech Acquisition Corp. V in July last year. The Israeli firm had intended to make its public listing debut on NASDAQ following a proposed merger that was first announced in March 2021. Keep Reading

Fintech Acquisition Portfolio Exits

1 Portfolio Exit

Fintech Acquisition has 1 portfolio exit. Their latest portfolio exit was CardConnect on July 06, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/6/2017

Acq - P2P

$99M

3

Date

7/6/2017

Exit

Acq - P2P

Companies

Valuation

$99M

Acquirer

Sources

3

Fintech Acquisition Acquisitions

1 Acquisition

Fintech Acquisition acquired 1 company. Their latest acquisition was CardConnect on March 08, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/8/2016

Growth Equity

$99M

$50M

Reverse Merger

1

Date

3/8/2016

Investment Stage

Growth Equity

Companies

Valuation

$99M

Total Funding

$50M

Note

Reverse Merger

Sources

1

Fintech Acquisition Service Providers

1 Service Provider

Fintech Acquisition has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Reverse Merger

Underwriter

Financial Advisor

Service Provider

Associated Rounds

Reverse Merger

Provider Type

Underwriter

Service Type

Financial Advisor

Partnership data by VentureSource

Fintech Acquisition Team

4 Team Members

Fintech Acquisition has 4 team members, including current President, James Joseph McEntee III.

Name

Work History

Title

Status

James Joseph McEntee III

President

Current

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Name

James Joseph McEntee III

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Work History

Title

President

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Status

Current

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