FinTech Acquisition Corp. is a series of SPACs, primarily sponsored by a management team led by banking entrepreneur Betsy Z. Cohen. Each FTAC entity is formed with the sole purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, typically in the financial technology (fintech) sector. They raise a blind pool of capital from investors in an initial public offering (IPO) and then have a limited timeframe (usually two years) to identify and merge with a suitable private company, thereby taking it public.

Founded in

Pakistan