Monavate Holdings and Baanx Acquired by Exodus Movement | Financial Services M&A Deal

Exodus Movement has completed the acquisition of Monavate Holdings and Baanx, a payments processing business in Nebraska, for $30M. Exodus Movement acquisitions bring card and payments infrastructure through Monavate Holdings Limited and Baanx.com Ltd, supporting fintech, crypto, and enterprise clients with issuing, processing, and regulatory capabilities. The payments processing acquisition is designed to integrate the card and payments stack into Exodus’s self-custodial crypto platform to reduce reliance on third-party providers and expand stablecoin payment support. The financial services M&A deal is structured as an add-on acquisition by a public company, with the purchase price tied to the outstanding principal and interest on a UK-secured loan, and is expected to close following receiver-controlled share transfer.