FDCTech signs non-binding LOI to acquire Swedish EMI Xoala for $6.75M

FDCTECH, INC.

Total purchase price $6.75M for 100% of Steven AB (Xoala), paid in five annual installments of $1.35M starting June 2026.
45-day exclusivity period to conduct due diligence and negotiate a definitive Share Purchase Agreement.
Xoala holds a Swedish Electronic Money Institution license, extendable across the EEA, offering multi-currency accounts and crypto support.
Deal aims to create a vertically integrated fintech platform combining trading, payments, and brokerage under one license.
Acquisition is non-binding; final SPA expected within 45 days, subject to due diligence.

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