MoonPay to Acquire North Capital in All-Stock Deal Valued Over $60 Million

Fintech firm MoonPay has signed a definitive agreement to acquire North Capital Investment Technology, a private market technology and brokerage services platform, in an all-stock transaction reportedly valued at over $60 million. Upon completion, North Capital will become a wholly-owned subsidiary of MoonPay, integrating its securities brokerage, investment advisory, and clearing capabilities into MoonPay's global infrastructure. North Capital operates several SEC-registered entities, including a broker-dealer, the PPEX ATS alternative trading system, a transfer agent, and an investment advisor. The platform has facilitated over $8.7 billion in primary and secondary transactions, with PPEX supporting secondary trading for more than 1,250 approved assets. The deal has been approved by both boards and is subject to customary closing conditions and regulatory approvals.