Global fintech platform Seamless Group and INFINT Acquisition today announced a definitive business combination agreement at a $400 million enterprise value. If approved, Seamless will be rebranded and is expected to trade on the Nasdaq.
Assuming no redemptions by INFINT shareholders, the combined company will have up to $189 million of cash on its balance sheet following the transaction. The deal is expected to close in the first quarter of 2023.
The Seamless global fintech banking platform operates in more than 150 countries. Read more.
