D.A. Davidson & Co. acted as a strategic and financial advisor in a Fintech M&A Deal. The firm assisted W3C Corp through several key transactions. This work culminated in the $175 million sale to Exodus Movement, Inc. The successful transaction represents a major Fintech M&A event. W3C Corp is the parent of both Monavate and Baanx. Therefore, D.A. Davidson guided W3C Corp on its initial acquisitions of Monavate and Baanx. The firm also served as the sell-side advisor for the final sale to Exodus. In addition, D.A. Davidson arranged a $60 million term loan facility. This important financing supports the new combination of companies.
Driving Growth in Digital Finance
The deal is truly transformational for the stablecoin payments ecosystem. Regulated payment rails are becoming increasingly important. Consequently, stablecoins are moving toward mainstream adoption globally. W3C Corp built a global end-to-end payments infrastructure. Its capabilities span card issuing and compliance services. The company also manages digital asset payments and settlement. Monavate offers strong payment solutions for fintechs and Web3 clients. Baanx provides non-custodial cards and digital asset services. The acquisition creates a strategic combination of skills. Exodus plans to enter the growing on-chain payments arena. The company wants to control the entire payment experience. This ranges from digital wallets to cards. For instance, the integration of Monavate and Baanx capabilities is vital. Exodus will integrate its issuing and processing functions. This greatly reduces its reliance on outside vendors. The deal allows for support of a wider range of assets. This includes widely used payment stablecoins.
W3C Corp CEO Michael Rolph called the partnership a powerful synergy. Clearly, the transaction links end-to-end payments infrastructure with a trusted wallet name. Rolph praised D.A. Davidson’s deep expertise and resilience. Ultimately, this expert guidance led to an exceptional outcome for W3C Corp. The combined company is ready to drive the next wave of growth. This growth will be seen across digital finance globally. D.A. Davidson proved its leading role in the complex Fintech M&A space.
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News Source: Businesswire.com
