M&A Deal Summary

LQwD FinTech Acquires BuyBitcoinCanada.com

On March 31, 2020, LQwD FinTech acquired financial services company BuyBitcoinCanada.com from Bitaccess

Acquisition Highlights
  • This is LQwD FinTech’s 1st transaction in the Financial Services sector.
  • This is LQwD FinTech’s 2nd transaction in Canada.
  • This is LQwD FinTech’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-03-31
Target BuyBitcoinCanada.com
Sector Financial Services
Buyer(s) LQwD FinTech
Sellers(s) Bitaccess
Deal Type Divestiture

Target

BuyBitcoinCanada.com

Ontario, Canada
Founded in 2016, BuyBitcoinCanada.com is a virtual currency brokerage platform based in Ottawa, Ontario.

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Buyer(S) 1

Buyer

LQwD FinTech

Vancouver, British Columbia, Canada
Category Company
Founded 1999
Sector Metals/Mining
Employees9
Revenue 5M CAD (2015)
DESCRIPTION

LQwD FinTech produces clean power through hydro and natural gas, providing electricity for industry and residential customers in New Zealand. Coronado also owns, operates, and is developing the Madison Gold property in Montana, which has been mining high-grade gold and copper. LQwD FinTech was based in 1999 and is based in Vancouver, Canada.

DEAL STATS #
Overall 3 of 4
Sector (Financial Services) 1 of 2
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 2 of 3
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 Skyrun Technology

Vancouver, British Columbia, Canada

Skyrun Technology Corp. is a digital currency brokerage platform. Skyrun Technology Corp. is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 LQWD Financial

Vancouver, British Columbia, Canada

LQWD, a private company creating enterprise-grade infrastructure and institutional liquidity for the Lightning Network. LQWD is based in Vancouver, British Columbia.

Buy -

Seller(S) 1

SELLER

Bitaccess

Ottawa, Ontario, Canada
Category Company
Founded 2013
Sector Information Technology
DESCRIPTION

Bitaccess is a technology company building the future of financial services. The company has products in three verticals of blockchain technology payment processing, blockchain auditing, and asset management. Bitaccess was formed in 2013 and is based in Ottawa, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Mergr

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