Finnovate Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.
The company may pursue a business combination target in any business or industry and across any geographical region, including technology-based businesses that are domiciled in Israel, that carry out all or a substantial portion of their activities in Israel, or that have some ot...
Finnovate Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.
The company may pursue a business combination target in any business or industry and across any geographical region, including technology-based businesses that are domiciled in Israel, that carry out all or a substantial portion of their activities in Israel, or that have some other significant Israeli connection, whether Israeli-developed technology, Israeli headquarters, substantial Israeli operations and/or historical Israeli roots.
The company’s non-exclusive focus has been on Israel-related companies, including companies focused on payments, insuretech, wealthtech, regtech, digital banking, fintech as a service (FAAS), banking as a service (BAAS), cyber area for financial institutions, blockchain and crypto, algo-trading and exchanges, and lending and credit line platforms.
The company has also sought to identify companies that are developing disruptive technology with strong market potential in other verticals and geographies.
History
Finnovate Acquisition Corp. was founded in 2021. The company was incorporated in the Cayman Islands in 2021.