MoonPay plans to acquire North Capital for over 60 million USD in an all-stock transaction

Financial technology company MoonPay has signed a definitive merger agreement to acquire the private market technology and regulated brokerage services platform North Capital Investment Technology. The transaction is an all-stock deal, reportedly valued at over $60 million, and upon completion, North Capital will become a wholly-owned subsidiary of MoonPay.

This transaction will integrate North Capital's securities brokerage, investment advisory, and clearing capabilities into MoonPay's global infrastructure. North Capital has several entities registered with the U.S. Securities and Exchange Commission (SEC), including brokerage firms, alternative trading system PPEX ATS, transfer agents, and investment advisors. North Capital provides technology, custody, custodial accounts, and secondary trading services to private securities issuers, fund managers, and institutional investors, with the platform facilitating over $8.7 billion in primary and secondary trading volume; PPEX supports over 1,250 approved assets for secondary trading. The transaction has been unanimously approved by both boards of directors and remains subject to customary closing conditions and regulatory approvals.