Acquisition of cryptocurrency payment platform
Piper Alderman advised Paid By Coins on its acquisition of Mobecom.
Paid By Coins is a fast and secure bill payments services that allow people to pay bills using bitcoins. To expand its services, Paid By Coins sought advice on the acquisition of Mobecom, a cryptocurrency payment platform.
Piper Alderman was central in advising on the acquisition. The global customer-engagement technology developer agreed to pay $6m to $20m, depending on revenue targets achieved, for Paid by Coins. The startup is a cryptocurrency payment platform developer from Australian technology innovator Lakeba. Paid by Coins has achieved one of the largest potential acquisition deals for a business founded only 7 months ago.
Piper Alderman Partners Michael Bacina and Andrea Beatty advised on the deal, providing legal advice concerning financial services regulation of the blockchain and cryptocurrency compliance of Paid By Coins.