WonderFi Technologies Acquires Bitbuy (First Ledger Corp.)
January 4, 2022
WonderFi Technologies Inc. has entered into a definitive agreement to acquire First Ledger Corp., the parent of Bitbuy Technologies Inc., Canada's first approved crypto marketplace, in a transaction valued at approximately CAD $206 million. The deal (70 million WonderFi shares, $20M upfront cash and $30M vendor take-back note) adds over 375,000 users, CAD $455 million in assets under custody and more than 80 employees to WonderFi, expanding its licensed fiat on‑ramp, OTC capabilities and product suite.
- Buyers
- WonderFi Technologies Inc.
- Targets
- Bitbuy Technologies Inc. (First Ledger Corp.)
- Sellers
- First Ledger Corp. (Bitbuy shareholders)
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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