Windsor Drake
Transaction · Crypto / Digital Assets · 2022

BVNK / System Pay Services Limited 2022

BVNK acquired System Pay Services Limited on November 28, 2022.

Target
System Pay Services Limited
Acquirer
BVNK
Announced
November 28, 2022
Sub-sector
Crypto / Digital Assets

Transaction overview

  • BVNK announced the acquisition of System Pay Services Limited on November 28, 2022.

Strategic rationale

Acquisition of FCA-authorized EMI license to expand regulated payments services across UK and Europe for crypto-native businesses.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
November 28, 2022
Acquirer
BVNK (Strategic)
Sub-sector
Crypto / Digital Assets

Sources

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