Major Blockchain Company
Context
Appold was appointed by a major blockchain protocol to assist in the due diligence and investment in a large North American-based payments provider. The acquirer viewed the payments company as an opportunity to expand its digital reach into the large US retail market whilst building a closer relationship with national retail stores.
Services
Project requirements:
Research
Acquisition Advisory
“Appold is trusted for their network and knowledge and is seen as professional in the space”
- CFO, Blockchain Protocol
Partner Comment:
“A key factor for any blockchain protocol company is to maximise the opportunity for activity and interest. Active users include retail and institutional participants along with developers and founders of companies and platforms which can build projects and infrastructure, further enhancing the use and daily turnover of the blockchain protocol. In this project the acquirer needed to fully understand:
The target company’s financial position and liquidity
The ability for them to integrate their technology into the existing fiat-based platform
To ensure the company has a widespread and documented relationship with major US partners which will embrace the addition of their blockchain technology
Appold led the project focusing on the blockchain technology implications and venture capital engagements, whilst engaging a global financial services company to undertake the financial aspects and director due diligence.”
— Rob Gaskell, Partner.
