The corporate-backed consumer credit platform operator will get a Nasdaq listing from the transaction, which will include $120m in Pipe financing co-led by Palantir Technologies.
FinAccel, a Singapore-based consumer credit service backed by a range of corporate investors, agreed yesterday to a reverse merger with special purpose acquisition company VPC Impact Acquisition Holdings II.
The deal implies a pro forma equity valuation of roughly $2.5bn for the merged business, which will take the spot on the Nasdaq Capital Market acquired by VPC Impact II in a $225m initial public offering in March this year.
VPC Impact II is contributing $256m from its trust account…
