Celcoin buys Vert in its largest-ever acquisition
What's the deal? Brazilian fintech Celcoin has acquired Vert CapitalDealroom has a profile for this one. Try Dealroom →, a firm known for its work in securitisation that recently expanded into fund management and administration. The transaction value was not disclosed.
What's the endgame? Celcoin operates mainly as a banking-as-a-service (BaaS) provider. Buying Vert extends its reach into Brazil's capital markets.
Why now? Founder and chief executive officer Marcelo França said this is Celcoin's eighth acquisition — and its largest to date.
The signal: A BaaS provider moving into securitisation and fund administration points to fintechs broadening beyond core infrastructure into higher-margin capital markets services.
Read more: valor.globo.com
Image credit: jdlasica
