M&A
confidence high
sentiment positive
materiality 0.55
Future FinTech completes acquisition of Khyber Money Exchange for €685,000
Future FinTech Group Inc.
- FTFT UK subsidiary acquired 100% equity of Khyber Exchange on Sept 29, 2022.
- Purchase price of €685,000 paid to seller Rahim Shah.
- UK Financial Conduct Authority approved the acquisition on Aug 16, 2022.
- CEO Shanchun Huang says acquisition extends fintech footprint and supports internationalization.