Transaction · Crypto / Digital Assets · 2024

CryptoBlox / Blockchain Fintech 2024

CryptoBlox Technologies acquired Blockchain Fintech for $5M on November 1, 2024.

Target
Blockchain Fintech
Acquirer
CryptoBlox Technologies
Deal value
$5M
Announced
November 1, 2024
Sub-sector
Crypto / Digital Assets

Transaction overview

  • CryptoBlox Technologies announced the acquisition of Blockchain Fintech on November 1, 2024 for $5M.

Strategic rationale

Acquisition of blockchain-based fintech technology platform completes CryptoBlox's diversified blockchain ecosystem strategy and enables development of non-custodial wallet applications.

Deal terms & multiples

Deal value
$5M
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
November 1, 2024
Acquirer
CryptoBlox Technologies (Strategic)

Sources

  • manilatimes.net /2024/11/02/tmt-newswire/globenewswire/cryptoblox-signs-amended-restated-share-purchase-agreement-to-acquire-blockchain-fintech/1996256