Battery Ventures Invests in Ascendant
January 19, 2023
Battery Ventures has agreed to make a significant strategic investment in Ascendant (AscendantFX Capital Inc.), becoming the company's primary investor to accelerate product innovation, network expansion and growth. Ascendant, a Toronto-based cross-border payments fintech serving over 2,000 financial institutions and corporate customers, said the transaction is expected to close in H1 2023 subject to regulatory approval; Raymond James acted as Ascendant's exclusive financial advisor.
- Buyers
- Battery Ventures
- Targets
- Ascendant (AscendantFX Capital Inc.)
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Transaction Type
- Growth capital
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