FinAccel to Go Public in a $2.5 Billion SPAC Deal
Yahoo! Finance
(Bloomberg) -- FinAccel Pte, the parent company of Indonesian fintech startup Kredivo, agreed to go public in the U.S. through a merger with a blank-check firm that values the combined companies at $2.5 billion.FinAccel is merging with VPC Impact Acquisition Holdings II, a special purpose acquisition company sponsored by Chicago-based Victory Park Capital Advisors LLC, the companies said in a statement on Tuesday.The deal will include a private investment in public equity, or PIPE, of $120 milli
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