Nukkleus, a trailblazer in the FinTech sector, has announced its intention to acquire Mercury Global, a foremost cross-border payments firm.
The acquisition aims to bolster Nukkleus’ footprint in the vibrant arena of cross-border payments. The purchase agreement entails an initial equity issue at closing, complemented by further earn-out payments in equity and cash based on achieving specified milestones. These include targets related to business volume, client growth, employee retention, banking relationships, and technology integration. The completion of this deal is contingent upon obtaining the necessary regulatory approvals in the UK.
Nukkleus embodies a dynamic force within the FinTech industry, dedicated to transforming the financial services landscape through strategic acquisitions and technological advancements. Positioned as ‘A Gateway to the Future of Finance,’ Nukkleus is on a mission to foster growth, innovation, and set new benchmarks for efficiency, security, and inclusivity across the financial ecosystem.
Mercury Global, with its operations anchored in London and South Africa, has emerged as a leader in cross-border payments. The firm’s robust regulatory framework in the UK, its pivotal role in the SADC region, and strong banking alliances underscore its significance in the global payments space.
Nukkleus CEO Emil Assentato expressed his enthusiasm for the acquisition, citing the strategic advantages it brings to the table. “This acquisition is a testament to our commitment to enhancing our cross-border payment capabilities. Mercury Global’s strong regulatory standing in the UK, its strategic presence in South Africa as a gateway to the SADC market, and its robust banking partnerships, present an invaluable addition to Nukkleus. We are poised to unlock new and enhanced revenue streams, thanks to increased volumes and an expanded service offering.”
Mercury Global CEO Alastair Constance shared his excitement about the merger, aligning it with the company’s vision for expanding its cross-border payments capabilities. “We are excited about the prospect of joining forces with Nukkleus Inc. This strategic move aligns with our vision to expand our cross-border payments capabilities and reach new heights in the fintech industry. Nukkleus’ innovative approach and commitment to growth make them the perfect partner as we embark on this journey together.”
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