Baanx US Acquired by Exodus Movement | Financial Services M&A Deal

Exodus Movement has completed the acquisition of Baanx US, a payments processing business in Nebraska, for $30M. Exodus Movement acquisitions expand crypto self-custody and cross-border spending capabilities by integrating Baanx US’s payments processing platform for digital asset transactions. Based in Omaha, Nebraska, Exodus Movement acquires Baanx US to scale self-custodial payments and support issuance of payment cards through its financial services software stack. The financial services M&A deal is a strategic add-on acquisition, structured with $5M paid on asset transfer and $25M in deferred consideration over four years, and is marked as closed.