M&A Deal Summary

Longfin Acquires Ziddu

On December 15, 2017, Longfin acquired financial services company Ziddu

Acquisition Highlights
  • This is Longfin’s 1st transaction in the Financial Services sector.
  • This is Longfin’s 1st transaction in the United States.

M&A Deal Summary

Date 2017-12-15
Target Ziddu
Sector Financial Services
Buyer(s) Longfin
Deal Type Add-on Acquisition

Target

Ziddu

United States
Ziddu is a Blockchain-empowered solutions provider that offers Microfinance Lending against Collateralized Warehouse Receipts in the form of Ziddu Coins.

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Buyer(S) 1

Buyer

Longfin

Manalapan, New York, United States

Category Company
Founded 2017
Sector Information Technology
Employees18
DESCRIPTION

Longfin is a FinTech company provides an artificial intelligence (AI) and machine learning through its wholly-owned subsidiary, Stampede Tradex Pte. Ltd, delivers foreign exchange and finance solutions to importers/exporters and SMEs. Longfin was founded in 2017 and is based in Manalapan, New York.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1