Finexity AG Signs Letter of Intent with OneCrowd Group

Finexity AG has signed a Letter of Intent (LoI) with the insolvency administrator of OneCrowd GmbH and its subsidiaries. This move aims to take over the administration of approximately 70 issuances from OneCrowd, providing continuity for investors via a new Finexity platform. The initiative also allows OneCrowd's 101,000 users to register with FINEXITY, enhancing user interaction and potential revenue streams.

The LoI outlines non-binding terms regarding the transition of OneCrowd platforms and allows FINEXITY to expand its user base and recurrent income. This transaction could significantly augment FINEXITY’s capacity to manage digital capital market investments as the market consolidates. The framework also includes potential earn-out payments linked to user activity post-transition.