Monavate and Baanx Acquired by Exodus Movement | Technology M&A Deal

Exodus Movement has completed the acquisition of Monavate and Baanx, a fintech business in Nebraska, for $22.7 million. Monavate and Baanx provide card and payments infrastructure for fintech, crypto, and enterprise clients, supporting global payment and card programs. Exodus Movement acquisitions expand self-custodial cryptocurrency platform capabilities with payments and card rails, strengthening technology M&A in Omaha, NE. The add-on acquisition closed May 1, 2026, as part of Exodus Movement acquisitions and public company acquisition strategy, with deal size in the $10M–$25M range.