Harneys advises Reap on strategic US$600 million fintech acquisition

The transaction highlights the continued growth and consolidation across fintech, payments, and digital assets businesses globally, as well as the central role Cayman Islands structures continue to play in complex cross-border M&A transactions.

Harneys advised Reap on the Cayman Islands aspects of the acquisition, including the merger structure, transaction documentation, and implementation mechanics.

The transaction was led by Harneys Singapore Managing Partner Lishi Fong, with support from Senior Associate Jonathan Lim and Associate Edwin Tan.

Lishi commented: “Asia continues to produce highly scalable fintech businesses with global relevance. This transaction reflects the growing convergence between payments and digital assets infrastructure, and the increasing sophistication of cross-border M&A involving Cayman Islands vehicles.”

We were pleased to support Reap on this significant transaction alongside an experienced international adviser group.