traditional lending institutions - FinTecBuzz

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FinTecBuzz

by GlobeNewswire

GoLogiq to acquire all of Fram Venture 7 AB

Data & Analytics

GoLogiq to acquire all of Fram Venture 7 AB

August 21, 20237 min

GoLogiq, Inc, a U.S.-based global provider of fintech and consumer data analytics, has signed a non-binding letter of intent to acquire all of Fram Venture 7 AB, a Swedish fintech corporation, for US$6 million in an all-stock transaction. Total consideration could increase to US$20 million depending upon the achievement of certain earn-out targets. The acquisition includes all of Fram Venture 7’s equity interest in its wholly-owned subsidiary, DragonLend, a lending platform for profitable small and medium-sized...

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