Windsor Drake
Transaction · Crypto / Digital Assets · 2022

United Fintech / Cobalt 2022

United Fintech acquired Cobalt on December 19, 2022.

Target
Cobalt
Acquirer
United Fintech
Announced
December 19, 2022
Sub-sector
Crypto / Digital Assets

Transaction overview

  • United Fintech announced the acquisition of Cobalt on December 19, 2022.

Strategic rationale

Acquire FX and digital asset infrastructure provider to expand United Fintech's institutional trade technology capabilities and strengthen market position.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
December 19, 2022
Acquirer
United Fintech (Strategic)
Sub-sector
Crypto / Digital Assets

Sources

  • crowdfundinsider.com /2022/12/200062-united-fintech-acquires-cobalt-to-enhance-fx-digital-assets-trading-capabilities/

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Other deals by United Fintech

Primary Event type Counterparty Value Sub-sector Date
Trade Ledger Transaction United Fintech Lending November 6, 2025
FairXchange Transaction United Fintech Capital Markets Tech November 23, 2021
NetDania Transaction United Fintech Capital Markets Tech November 12, 2020