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courtesy of $payo Payoneer is now guiding to 2021 payment volumes of only $54.3 billion to $56.0 billion. The prior guidance after Q2'21 results was $57.0 billion to $60.0 billion. The difference between the new low target and the prior high target is $5.7 billion, or nearly a $3.0 billion average dip in payment volume expectations for the last 2 quarters of the year.
courtesy of $payo The good news for Payoneer was that some of the new business products such as B2B AP/AR have far higher take rates. The growth rate in these products helped the payments company push the take rate up to 90 basis point, from 77 basis points in the prior Q3 period.
The e-commerce business has low take rate volumes, so the company has the ability to offset those volumes easier. The guidance tells the story of a rather big set back on the volume front.
courtesy of $payo The beat was even more impressive considering the global supply chain issues and the e-commerce headwinds that popped up in the quarter actually held back payment volumes. Per the CEO on the Q3'21 earnings call:
Volume in the quarter grew 16% year-over-year as consumer behavior changes and supply chain issues continue to impact many of our customers engaged in e-commerce, particularly from China.
courtesy of $payo Most Cylinders Firing
Payoneer didn't even post a perfect quarter, yet the company crushed Q3'21 financial targets and guided up for Q4'21 numbers. The digital payments company beat analyst revenue estimates by an amazing $11.6 million, or the equivalent of a nearly 10% quarterly beat.
courtesy of $payo A lot of fintechs taking the SPAC route to go public
were caught up in a massive downdraft.
One digital payments company taking an irrational hit was Payoneer (NASDAQ:PAYO),
as highlighted by the big rebound following strong Q3'21 results.
Investment thesis remains very Bullish on the stock here below the SPAC price at $10.
courtesy of $payo
Payoneer
@Payoneer
The commerce technology company powering payments and growth for the new global economy. For support, head over to
@Payoneer_Help
payoneer.comJoined August 2008
1,999 Following
60K Followers
Payoneer: Firing On Most Cylinders[imo da next paypal $pypl Payoneer Global Inc (PAYO)]
Nov. 18, 2021 1:05 PM ETPayoneer Global Inc. (PAYO)19 Comments9 Likes
Summary
Payoneer hiked 2021 revenue guidance after smashing Q3'21 estimates.
The fintech isn't even firing on all cylinders due to supply chain issues and low cross-border travel.
The stock trades at a cheap 5.6x EV/S targets for 2022.
This idea was discussed in more depth with members of my private investing community, Out Fox The Street.
da next paypal $pypl Payoneer Global Inc (PAYO)
7.65 ? -0.14 (-1.80%)
Volume: 975,395 @11/05/21 6:18:48 PM EDT
Bid Ask Day's Range
7.56 7.8 7.5485 - 7.87
PAYO Detailed Quote
Payoneer Global Inc (PAYO)
8.19 ? -0.21 (-2.50%)
Volume: 1,038,012 @10/08/21 5:20:30 PM EDT
Bid Ask Day's Range
8.1 8.69 8.24 - 8.69
PAYO Detailed Quote
Payoneer Global Inc (PAYO) the next paypal $pypl
9.29 ? 0.08 (0.87%)
Volume: 1,093,966 @09/22/21 7:17:19 PM EDT
Bid Ask Day's Range
9.28 9.35 9.105 - 9.47
PAYO Detailed Quote
FTOC News: Statement of Changes in Beneficial Ownership (4) 06/29/2021 07:56:33 PM
FTOC News: Statement of Changes in Beneficial Ownership (4) 06/29/2021 07:52:52 PM
FTOC News: Payoneer and FTAC Olympus Acquisition complete business combination 06/28/2021 12:19:09 PM
FTOC News: Current Report Filing (8-k) 06/25/2021 04:31:33 PM
FTOC News: Notification Filed by National Security Exchange to Report the Removal From Listing and Registration of Matured, Redeemed or ... 06/25/2021 04:17:45 PM
Payoneer Global Inc (PAYO)
9.29 ? 0.08 (0.87%)
Volume: 1,093,966 @09/22/21 7:17:19 PM EDT
Bid Ask Day's Range
9.28 9.35 9.105 - 9.47
PAYO Detailed Quote
Payoneer Global Inc (PAYO)
9.65 ? -0.2 (-2.03%)
Volume: 2,335,822 @08/13/21 5:56:23 PM EDT
Bid Ask Day's Range
9.53 9.9 9.56 - 9.85
PAYO Detailed Quote
PAYOW
Bid: 2.13 Ask: 2.22 Last: 2.20 Chg ($): -0.01 Vol: 9.12K
PAYO
Bid: 9.94 Ask: 9.97 Last: 9.96 Chg ($): -0.22 Vol: 403.25K
Payoneer Global Inc (PAYO)
10.41 ? 0.55 (5.58%)
Volume: 2,187,590 @07/09/21 7:56:54 PM EDT
Bid Ask Day's Range
10.05 10.41 9.86 - 10.47
PAYO Detailed Quote
$PAYOW
Bid: 2.38 Ask: 2.40 Last: 2.38 Chg ($): -0.0299 Vol: 66.56K
STILL NO NAME CHANGE FOR FTOC BUT @ PINKS PAYO
Payoneer Global Inc.
SECURITIES
Other Payoneer Global Inc. Securities
PAYOW
https://www.otcmarkets.com/stock/PAYO/overview
https://www.otcmarkets.com/stock/PAYO/quote
https://www.otcmarkets.com/stock/PAYO/profile
https://www.otcmarkets.com/stock/PAYO/security
https://www.otcmarkets.com/stock/PAYO/news
https://www.otcmarkets.com/stock/PAYO/financials
https://www.otcmarkets.com/stock/PAYO/disclosure
2021-06-28 08:00 U:PAYO News Release Payoneer and FTAC Olympus Acquisition Corp. Complete Business Combination
@ amtd $FTOC NOW $PAYO Bid: 10.76 Ask: 10.79 Last: 10.77 Chg ($): -1,036.725 Vol:
it hasn't changed yet, said before end of june,2021 'FTAC Olympus Acquisition Corp. (FTOC)'
My bank account still shows the FTOC simbol.
When can one expect to see the PAYO simbol in his account?
After the end of trade today?
Is there a pre-market price for PAYO? or is it too soon?
Many Thanks!
My bank account still shows the FTOC simbol.
When can one expect to see the PAYO simbol in his account?
After the end of trade today?
Is there a pre-market price for PAYO? or is it too soon?
Many Thanks!
$FTOC Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425)
June 24 2021 - 06:05AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 23, 2021
FTAC OLYMPUS ACQUISITION CORPORATION
(Exact name of registrant as specified in its charter)
Cayman Islands 001-39469 98-1540161
(State or Other Jurisdiction
of Incorporation) (Commission
File Number) (IRS Employer
Identification Number)
2929 Arch Street, Suite 1703
Philadelphia, PA
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (215) 701-9555
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ?
Securities registered or to be registered pursuant to Section 12(b) of the Act.
Title of each class
Ticker
Symbol
Name of each exchange
on which registered
Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant FTOCU Nasdaq Capital Market
Class A ordinary shares, par value $0.0001 per share FTOC Nasdaq Capital Market
Warrants, each whole warrant exercisable for one Class A ordinary share FTOCW Nasdaq Capital Market
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
Item 5.07 Submission of Matters to a Vote of Security Holders.
As previously disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) by FTAC Olympus Acquisition Corporation, a Cayman Islands exempted company (“FTOC”), on February 3, 2021, FTOC, New Starship Parent Inc., a Delaware corporation (“New Starship”), Starship Merger Sub I Inc., a Delaware corporation and wholly-owned subsidiary of New Starship (“First Merger Sub”), Starship Merger Sub II Inc., a Delaware corporation and wholly-owned subsidiary of New Starship (“Second Merger Sub”), and Payoneer Inc., a Delaware corporation (“Payoneer” or the “Company”, and collectively with FTOC, New Starship, First Merger Sub and Second Merger Sub, the “Parties”), entered into an Agreement and Plan of Reorganization (as amended on February 16, 2021, May 10, 2021 and June 22, 2021 the “Reorganization Agreement”) providing for a business combination involving FTOC and Payoneer. (the “Reorganization”).
On June 23, 2021, FTOC held an extraordinary general meeting of stockholders (the “Special Meeting”) via remote communication to vote on the following proposals: (1) a proposal to approve the Reorganization and adopt the Reorganization Agreement (the “Reorganization Proposal”); (2) a proposal to approve by special resolution FTOC being transferred by way of continuation to Delaware pursuant to Part XII of the Companies Law (as amended) of the Cayman Islands and Section 388 of the General Corporation Law of the State of Delaware (“DGCL”) and, immediately upon being de-registered in the Cayman Islands, FTOC being continued and domesticated as a corporation under the laws of the State of Delaware (the “Domestication Proposal ”), (3) a proposal to approve the material differences between the amended and restated certificate of incorporation of New Starship to be in effect following the Reorganization and FTOC’s current amended and restated memorandum and articles of association (the “Charter Proposal”), (4) a proposal to approve the 2021 Omnibus Incentive Plan (the “Incentive Plan”). The Incentive Plan incorporates corporate governance best practices to align our equity compensation program with the interests of our shareholders (the “Incentive Plan Proposal”), (5) a proposal to approve the New Starship 2021 Employee Stock Purchase Plan (the “ESPP”). In designing the ESPP, the anticipated future equity needs were considered, and a total of 7,603,202 shares of common stock will be reserved for issuance under the ESPP. Our board of directors has approved the ESPP, subject to receiving shareholder approval (the “ESPP Proposal”) and (6) a proposal to approve the adjournment of the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the Special Meeting, any of the condition precedent proposals would not be duly approved and adopted by our shareholders or we determine that one or more of the closing conditions under the Reorganization Agreement is not satisfied or waived (the “Adjournment Proposal”).
The Adjournment Proposal was not presented at the Special Meeting because there were enough votes to approve the Reorganization Proposal, the Domestication Proposal, the Charter Proposal, the Incentive Plan Proposal and the ESPP Proposal.
Set forth below are the final voting results for each of the matters submitted to a vote of the stockholders of FTOC at the Special Meeting.
The Reorganization Proposal. A proposal to approve the Reorganization and adopt the Reorganization Agreement:
For Against Abstain Broker Non-Votes
61,730,228 1,336,265 3,469 0
The Domestication Proposal. A proposal to approve the Domestication Proposal:
For Against Abstain Broker Non-Votes
61,728,600 1,335,968 5,394 0
The Charter Proposal. A proposal to approve the Charter Proposal:
For Against Abstain Broker Non-Votes
60,760,943 1,342,881 966,138 0
The Incentive Plan Proposal. A proposal to approve the Incentive Plan:
For Against Abstain Broker Non-Votes
59,168,977 2,480,698 1,420,287 0
The ESPP Proposal. A proposal to approve the ESPP:
For Against Abstain Broker Non-Votes
60,246,544 1,391,115 1,432,303 0
Item 7.01 Regulation FD Disclosure
The information in this Item 7.01, including Exhibit 99.1, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of FTOC under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filings.
On June 23, 2021, the Company issued a press release announcing the approval of the Reorganization and other related proposals by the Company’s stockholders. A copy of the press release is furnished as Exhibit 99.1 to this Current Report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
99.1 Press Release, dated as of June 23, 2021
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 23, 2021
FTAC Olympus Acquisition Corporation
/s/ Ryan M. Gilbert
Name: Ryan M. Gilbert
Title: President and Chief Executive Officer
filing; $FTOC Notification Filed by National Security Exchange to Report the Removal From Listing and Registration of Matured, Redeemed or ...
June 25 2021 - 04:17PM
Edgar (US Regulatory)
NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.
Commission File Number 001-39469
Issuer: FTAC Olympus Acquisition Corp.
Exchange: Nasdaq Stock Market LLC
(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)
Address: 2929 Arch Street
Philadelphia,
PENNSYLVANIA
19104
Telephone number: (215) 701-9693
(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)
Unit
(Description of class of securities)
Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:
o 17 CFR 240.12d2-2(a)(1)
o 17 CFR 240.12d2-2(a)(2)
x 17 CFR 240.12d2-2(a)(3)
o 17 CFR 240.12d2-2(a)(4)
o Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. 1
o Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.
Pursuant to the requirements for the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.
2021-06-25 By O'Neil Blake Senior Specialist
Date Name Title
1 Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.
dis will make ah da most; FTOCW Bid: 2.42 Ask: 2.76 Last: 2.72 Chg ($): -0.13 Vol: 235.61K
Chain
FTOCU Bid: 10.00 Ask: 15.00 Last: 11.65 Chg ($): 0.00 Vol: 1.91K
FTOC Bid: 10.75 Ask: 10.85 Last: 10.75 Chg ($): -0.01 Vol: 1.29M
i think $14 or better. pps $10.80 end of da wk trading FTAC Olympus Acquisition Corp. (FTOC)'
FTOCW could hit $5.00 or more
I in. Got in last week. I am long.
Where do you see thae Payo PPS after the first day of trade? Thank you!
FTAC Olympus Acquisi (FTOC)
10.51 ? 0.12 (1.15%)
Volume: 1,153,463 @06/24/21 4:38:11 PM EDT
Bid Ask Day's Range
10.55 10.57 10.39 - 10.57
FTOC Detailed Quote
New Name Payoneer & Symbol begin trading on Nasdaq under the ticker PAYO shortly thereafter.
Learn more on the Payoneer blog and download the new logo here.
business combination is expected to close shortly after the special meeting of the FTOC shareholders which is scheduled for June 23, 2021.
Note: In February 2021, Payoneer entered into an Agreement and Plan
of Reorganization with FTAC Olympus Acquisition Corp (NASDAQ: FTOC)
in a transaction that would result in Payoneer becoming a U.S. publicly listed entity.
The transaction is expected to close at the end of June 2021,
subject to satisfaction of customary closing conditions,
and Payoneer is expected to begin trading on Nasdaq under the
ticker PAYO shortly thereafter.
About Payoneer
Payoneer is the world’s go-to partner for digital commerce, everywhere.
From borderless payments to boundless growth,
Payoneer promises any business, in any market,
the technology,
connections and confidence to participate and flourish in the new global economy.
Since 2005, Payoneer has been imagining and engineering a truly
global ecosystem so the entire world can realize its potential.
Powering growth for customers ranging from aspiring entrepreneurs
in emerging markets to the world’s leading digital brands like
Airbnb,
Amazon,
Google,
Upwork and
Walmart,
Payoneer offers a universe of opportunities, open to you.
www.payoneer.com
About venturethree
venturethree is an independent global brand company.
It invents and reinvents brands to create change people value.
Known for its experience in brand strategy,
design and experience across the world of
media,
entertainment,
technology,
finance and more,
venturethree is on a mission to shape the future of brand for brands
of the future.
With a hub in London and a presence in key markets including the
US,
India and
Singapore,
the team delivers category-defining work for clients such as
Sky,
NOW,
TransferWise,
Just Eat and
Sports Direct.
Important Information and Where to Find It
In connection with the proposed Reorganization between Payoneer
and FTOC,
New Starship Parent Inc. filed with the Securities and Exchange Commission ("SEC") a definitive proxy statement / prospectus contained in a registration statement on Form S-4,
as amended, and FTOC mailed the definitive proxy statement / prospectus and other relevant documentation to FTOC stockholders.
This document does not contain all the information that should be considered concerning the proposed Reorganization.
It is not intended to form the basis of any investment decision or
any other decision in respect of the proposed Reorganization.
FTOC stockholders and other interested persons are advised to read
the definitive proxy statement / prospectus in connection with the solicitation of proxies for the extraordinary general meeting to
be held to approve the transactions contemplated by the proposed Reorganization because these materials will contain important information about Payoneer, FTOC and the proposed transactions.
The definitive proxy statement / prospectus was mailed to FTOC stockholders of record as of May 19, 2021. Stockholders are also
able to obtain a copy of the definitive proxy statement / prospectus, without charge, at the SEC’s website at http://sec.gov or
by directing a request to:
FTAC Olympus Acquisition Corp., 2929 Arch Street, Suite 1703, Philadelphia, Pennsylvania 19104.
The definitive proxy statement / prospectus can be found in the
filings on Form S-4 by New Starship Parent Inc.,
as well as in the DEFM14A filing of FTOC at http://www.sec.gov.
Payoneer and FTOC entered into a definitive agreement and plan of reorganization (the "Reorganization") in February 2021.
Completion of the Reorganization is subject to approval by the shareholders of FTAC Olympus Acquisition Corp.
and certain other conditions.
The proposed business combination is expected to close shortly after the special meeting of the FTOC shareholders which is scheduled for June 23, 2021.
Participants in the Solicitation
Payoneer and FTOC,
and their respective directors and executive officers,
may be considered participants in the solicitation of proxies with respect to the potential transaction described in this press release under the rules of the SEC.
Information about the directors and executive officers of FTOC and
other persons who may, under the rules of the SEC, be deemed participants in the solicitation of the stockholders in connection
with the potential transaction and a description of their interests is set forth in the definitive proxy statement/prospectus filed with the SEC.
These documents can be obtained free of charge from the sources indicated above.
Non-Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect
of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of FTOC or Payoneer,
nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities
laws of such state or jurisdiction. No offer of securities shall
be made except by means of a prospectus meeting the requirements
of the Securities Act of 1933, as amended.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210622005166/en/
Contacts
Media Contact:
Tom Symons
venturethree@tdcpr.com
Rima Masubuchi
payoneer@pancomm.com
==========================================================
$FTOC $FTOCU $FTOCW [very valuable] Tue, June 1, 2021, 4:42 PM
FTOC
-0.40%
[-chart]s.yimg.com/ny/api/res/1.2/TIgJM.upUtokM.ou68M_hg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQwMy45MDYyNQ--/https://s.yimg.com/uu/api/res/1.2/W1k9wOFj0ca4HH9tbcOzzg--~B/aD0yNzU7dz00ODA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/ab4dee2817a18e670fae7f27f739f521[/chart]
https://s.yimg.com/uu/api/res/1.2/W1k9wOFj0ca4HH9tbcOzzg--~B/aD0yNzU7dz00ODA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/ab4dee2817a18e670fae7f27f739f521">https://s.yimg.com/uu/api/res/1.2/W1k9wOFj0ca4HH9tbcOzzg--~B/aD0yNzU7dz00ODA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/ab4dee2817a18e670fae7f27f739f521" />
FTOCU
-0.26%
FTAC Olympus Acquisition Corp. (NASDAQ:FTOC) ("FTOC"), a special purpose acquisition company, today announced that it has set June 23, 2021 as the meeting date for the extraordinary general meeting of shareholders (the "Special Meeting") to consider matters related to the proposed business combination (the "Business Combination") with Payoneer Inc. ("Payoneer").
At the Special Meeting, FTOC’s shareholders will be asked to approve and adopt the previously announced Agreement and Plan of Reorganization (as amended on February 16, 2021 and on May 10, 2021, the "Reorganization Agreement") and other such proposals as disclosed in the proxy statement/prospectus relating to the Business Combination. Holders of FTOC’s Class A ordinary shares and Class B ordinary shares at the close of business on the record date of May 19, 2021 are entitled to notice of the virtual Special Meeting and to vote at the virtual Special Meeting.
The Special Meeting will be convened on June 23, 2021 at 9:00 a.m., New York City time, in a virtual format. Shareholders may attend, vote and examine the list of FTOC shareholders entitled to vote at the Special Meeting by visiting https://www.cstproxy.com/ftacolympusacquisition/sm2021 and entering the control number found on their proxy card, voting instruction form or notice included in their proxy materials. In light of public health concerns regarding the coronavirus (COVID-19), the Special Meeting will be held in a virtual format only. You will not be able to attend the Special Meeting physically.
If the proposals at the Special Meeting are approved, FTOC anticipates that the business combination will close shortly thereafter, subject to the satisfaction or waiver (as applicable) of all other closing conditions.
More information about voting and attending the Special Meeting is included in the definitive proxy statement/prospectus filed by FTOC and New Starship Parent Inc. with the Securities and Exchange Commission (the "SEC") on June 1, 2021, which is available without charge on the SEC’s website at http://www.sec.gov. FTOC encourages you to read the proxy statement/prospectus carefully. The deadline for FTOC’s public shareholders to exercise their redemption rights in connection with the Business Combination is June 21, 2021 at 12:00 p.m. Eastern Time. If you have any questions or need assistance voting your shares, please contact our proxy solicitor, Morrow Sodali, at (800) 662-5200, or banks and brokers can call collect at (203) 658-9000, or by emailing FTOC.info@investor.morrowsodali.com. This notice of Special Meeting and the proxy statement/prospectus relating to the reorganization and other transactions contemplated by the Reorganization Agreement (the "Reorganization") are available at https://www.cstproxy.com/ftacolympusacquisition/sm2021/smproxy.
About FTAC Olympus Acquisition Corp.
FTAC Olympus Acquisition Corp. is a blank-check company led by Betsy Z. Cohen as Chairman of the Board and Ryan M. Gilbert as President and Chief Executive Officer formed for the purpose of acquiring or merging with one or more technology and financial services technology companies.
About Payoneer
Payoneer’s mission is to empower businesses to go beyond – beyond borders, limits and expectations. In today’s digital world, Payoneer enables any business of any size from anywhere to access new economic opportunities by making it possible to transact as easily globally as they do locally.
Payoneer’s digital platform streamlines global commerce for millions of small businesses, marketplaces and enterprises from 190 countries and territories. Leveraging its robust technology, compliance, operations and banking infrastructure, Payoneer delivers a suite of services that includes cross-border payments, working capital, tax solutions, merchant services and risk management. Powering growth for customers ranging from aspiring entrepreneurs in emerging markets to the world’s leading digital brands like Airbnb, Amazon, eBay, Google, Upwork, and Walmart. Payoneer makes global commerce easy and secure. Founded in 2005, Payoneer has a team based all around the world.
In February 2021, Payoneer entered into a definitive agreement and plan of reorganization with FTAC Olympus Acquisition Corp in a transaction that would result in Payoneer becoming a U.S. publicly listed entity. The transaction is expected to close shortly after the Special Meeting, subject to satisfaction of customary closing conditions.
Important Information and Where to Find It
In connection with the proposed Reorganization between Payoneer and FTOC, New Starship Parent Inc. filed with the Securities and Exchange Commission ("SEC") a definitive proxy statement / prospectus contained in a registration statement on Form S-4, as amended, and FTOC will mail the definitive proxy statement / prospectus and other relevant documentation to FTOC stockholders. This document does not contain all the information that should be considered concerning the proposed Reorganization. It is not intended to form the basis of any investment decision or any other decision in respect of the proposed Reorganization. FTOC stockholders and other interested persons are advised to read the definitive proxy statement / prospectus in connection with the solicitation of proxies for the extraordinary general meeting to be held to approve the transactions contemplated by the proposed Reorganization because these materials will contain important information about Payoneer, FTOC and the proposed transactions. The definitive proxy statement / prospectus will be mailed to FTOC stockholders of record as of May 19, 2021. Stockholders are also able to obtain a copy of the definitive proxy statement / prospectus, without charge, at the SEC’s website at http://sec.gov or by directing a request to: FTAC Olympus Acquisition Corp., 2929 Arch Street, Suite 1703, Philadelphia, Pennsylvania 19104.
The definitive proxy statement / prospectus can be found in the filings on Form S-4 by New Starship Parent Inc., as well as in the DEFM14A filing of FTOC at www.sec.gov. Payoneer and FTOC entered into a definitive agreement and plan of reorganization (the "Reorganization") in February 2021. Completion of the Reorganization is subject to approval by the shareholders of FTAC Olympus Acquisition Corp. and certain other conditions. The proposed business combination is expected to close shortly after the Special Meeting.
Participants in the Solicitation
Payoneer and FTOC, and their respective directors and executive officers, may be considered participants in the solicitation of proxies with respect to the potential transaction described in this press release under the rules of the SEC. Information about the directors and executive officers of FTOC and other persons who may, under the rules of the SEC, be deemed participants in the solicitation of the stockholders in connection with the potential transaction and a description of their interests is set forth in the definitive proxy statement/prospectus filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
Non-Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of FTOC or Payoneer, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
Forward-Looking Statements
This press release includes, and oral statements made from time to time by representatives of FTOC and Payoneer may be considered, "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or FTOC’s, Payoneer’s or New Starship Parent Inc.’s future financial or operating performance. For example, projections of future Volume, Revenue, and Operating Income are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "potential" or "continue," or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by FTOC and its management, and Payoneer and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Reorganization; (2) the outcome of any legal proceedings that may be instituted against FTOC, Payoneer, New Starship Parent Inc. or others following the announcement of the Reorganization and any definitive agreements with respect thereto; (3) the inability to complete the Reorganization due to the failure to obtain approval of the shareholders of FTOC, to obtain financing to complete the Reorganization or to satisfy other conditions to closing; (4) changes to the proposed structure of the Reorganization that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Reorganization; (5) the ability to meet applicable listing standards following the consummation of the Reorganization; (6) the risk that the Reorganization disrupts current plans and operations of Payoneer as a result of the announcement and consummation of the Reorganization; (7) the ability to recognize the anticipated benefits of the Reorganization, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Reorganization; (9) changes in applicable laws or regulations; (10) the possibility that Payoneer or the combined Company may be adversely affected by other economic, business and/or competitive factors; (11) Payoneer’s estimates of its financial performance; and (12) other risks and uncertainties set forth in the section entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in FTOC’s Prospectus dated August 25, 2020 filed with the SEC on August 26, 2020, the section entitled "Risk Factors" in FTOC’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2020, as well as any further risks and uncertainties contained in the definitive proxy statement / prospectus filed by FTOC and New Starship Parent Inc. on June 1, 2021. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. None of FTOC, Payoneer or New Starship Parent Inc. undertakes any duty to update these forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210601006109/en/
Contacts
Investor Contact:
Alexis Tessier
PayoneerIR@icrinc.com
Media Contact:
Jed Hamilton
PayoneerPR@icrinc.com
dare moving all three, $FTOC
i just sawer you, welcome partner
FTOC new symbol to be $PAYO
+1.80%
FTOCU
+2.13%
A universal brand for a universal future of commerce
NEW YORK, Jun 22, 2021--(BUSINESS WIRE)--Payoneer, the commerce technology company powering payments and growth for the new global economy, announced today a rebrand to reflect its current position
in the market and its vision to be the world’s go-to partner
for digital commerce everywhere.
The new brand marks another chapter in the fintech pioneer’s evolution from young disrupter to industry leader,
with plans to begin trading on Nasdaq under the ticker PAYO later this month at an enterprise value of approximately $3.3 billion at closing.
A 2005 "pre-fintech fintech", Payoneer was born on the cusp of the global shift to digital,
borderless commerce.
Now, the business is very much at the heart of it.
Payoneer’s vast networked ecosystem offers millions of businesses
– from emerging-market freelancers to the marketplaces and platforms redefining how the world operates
– the technology, connections and confidence to participate and flourish in the new global economy.
"This is the era of Open Commerce,"
said Scott Galit, CEO of Payoneer, "a time when the entire world operates on a single digital plane,
and anyone, from anywhere, has the opportunity to realize their potential. This is the reality we have always been building towards.
As we enter the public markets and look ahead, our new brand is
designed to keep driving the business forward while keeping us true to our purpose:
to imagine, engineer and inspire a universal future for commerce, together with our millions of customers and partners all over the world."
Payoneer’s new brand color is "universal", reflecting its promise to
be for everyone everywhere.
The new symbol is a circle, illustrating its journey to becoming a single destination, unified, and connected in more places than anyone else.
The brand itself was developed in partnership with global brand company venturethree.
Creative Director Jason Lowings said of the project,
"There are many players in the busy payments and financial services space,
but Payoneer is unique in the breadth, depth and integrity of their global ecosystems.
It is a truly universal business,
with an optimistic global perspective,
uniting marketplaces, systems,
businesses and entrepreneurs, everywhere in the world.
To express and celebrate this, the new symbol of Payoneer reflects
the universe of opportunities available through their many products, services and platforms."
NEW SYMBOL $PAYO yes yes yes,next paypal pypl June 22, 2021 *Payoneer To Begin trading Under Ticker 'PAYO' Later This Month
8:06 am ET
*Payoneer To Begin trading Under Ticker 'PAYO' Later This Month
Benzinga
Benzinga
http://www.Benzinga.com
FTOC Bid: 9.96 Ask: 10.10 Last: 9.96 Chg ($): 0.00 Vol: 10
$FTOC & $FTOCW heading to New highs imo!! PAYONEER is huge deal.
$FTOC $FTOCU $FTOCW could double & triple overnight imho next paypal pypl
$FTOC $FTOCW ~ I just seen, that is big news:
"If the proposals at the Special Meeting are approved,
FTOC anticipates that the business combination will close shortly thereafter,
subject to the satisfaction or waiver (as applicable) of all other
closing conditions."
$FTOC vs $PYPL
PayPal Holdings Inc (PYPL)
258.9 ? -1.12 (-0.43%)
Volume: 5,869,632 @06/01/21 7:59:53 PM EDT
Bid Ask Day's Range
258.9 259.27 256.52 - 263.42
PYPL Detailed Quote
$FTOC $FTOCW ~ I just seen, that is big news:
"If the proposals at the Special Meeting are approved, FTOC anticipates that the business combination will close shortly thereafter, subject to the satisfaction or waiver (as applicable) of all other closing conditions."
$FTOC $FTOCU $FTOCW [very valuable] Tue, June 1, 2021, 4:42 PM
FTOC
-0.40%
[-chart]s.yimg.com/ny/api/res/1.2/TIgJM.upUtokM.ou68M_hg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQwMy45MDYyNQ--/https://s.yimg.com/uu/api/res/1.2/W1k9wOFj0ca4HH9tbcOzzg--~B/aD0yNzU7dz00ODA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/ab4dee2817a18e670fae7f27f739f521[/chart]
https://s.yimg.com/uu/api/res/1.2/W1k9wOFj0ca4HH9tbcOzzg--~B/aD0yNzU7dz00ODA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/ab4dee2817a18e670fae7f27f739f521">https://s.yimg.com/uu/api/res/1.2/W1k9wOFj0ca4HH9tbcOzzg--~B/aD0yNzU7dz00ODA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/business-wire.com/ab4dee2817a18e670fae7f27f739f521" />
FTOCU
-0.26%
FTAC Olympus Acquisition Corp. (NASDAQ:FTOC) ("FTOC"), a special purpose acquisition company, today announced that it has set June 23, 2021 as the meeting date for the extraordinary general meeting of shareholders (the "Special Meeting") to consider matters related to the proposed business combination (the "Business Combination") with Payoneer Inc. ("Payoneer").
At the Special Meeting, FTOC’s shareholders will be asked to approve and adopt the previously announced Agreement and Plan of Reorganization (as amended on February 16, 2021 and on May 10, 2021, the "Reorganization Agreement") and other such proposals as disclosed in the proxy statement/prospectus relating to the Business Combination. Holders of FTOC’s Class A ordinary shares and Class B ordinary shares at the close of business on the record date of May 19, 2021 are entitled to notice of the virtual Special Meeting and to vote at the virtual Special Meeting.
The Special Meeting will be convened on June 23, 2021 at 9:00 a.m., New York City time, in a virtual format. Shareholders may attend, vote and examine the list of FTOC shareholders entitled to vote at the Special Meeting by visiting https://www.cstproxy.com/ftacolympusacquisition/sm2021 and entering the control number found on their proxy card, voting instruction form or notice included in their proxy materials. In light of public health concerns regarding the coronavirus (COVID-19), the Special Meeting will be held in a virtual format only. You will not be able to attend the Special Meeting physically.
If the proposals at the Special Meeting are approved, FTOC anticipates that the business combination will close shortly thereafter, subject to the satisfaction or waiver (as applicable) of all other closing conditions.
More information about voting and attending the Special Meeting is included in the definitive proxy statement/prospectus filed by FTOC and New Starship Parent Inc. with the Securities and Exchange Commission (the "SEC") on June 1, 2021, which is available without charge on the SEC’s website at http://www.sec.gov. FTOC encourages you to read the proxy statement/prospectus carefully. The deadline for FTOC’s public shareholders to exercise their redemption rights in connection with the Business Combination is June 21, 2021 at 12:00 p.m. Eastern Time. If you have any questions or need assistance voting your shares, please contact our proxy solicitor, Morrow Sodali, at (800) 662-5200, or banks and brokers can call collect at (203) 658-9000, or by emailing FTOC.info@investor.morrowsodali.com. This notice of Special Meeting and the proxy statement/prospectus relating to the reorganization and other transactions contemplated by the Reorganization Agreement (the "Reorganization") are available at https://www.cstproxy.com/ftacolympusacquisition/sm2021/smproxy.
About FTAC Olympus Acquisition Corp.
FTAC Olympus Acquisition Corp. is a blank-check company led by Betsy Z. Cohen as Chairman of the Board and Ryan M. Gilbert as President and Chief Executive Officer formed for the purpose of acquiring or merging with one or more technology and financial services technology companies.
About Payoneer
Payoneer’s mission is to empower businesses to go beyond – beyond borders, limits and expectations. In today’s digital world, Payoneer enables any business of any size from anywhere to access new economic opportunities by making it possible to transact as easily globally as they do locally.
Payoneer’s digital platform streamlines global commerce for millions of small businesses, marketplaces and enterprises from 190 countries and territories. Leveraging its robust technology, compliance, operations and banking infrastructure, Payoneer delivers a suite of services that includes cross-border payments, working capital, tax solutions, merchant services and risk management. Powering growth for customers ranging from aspiring entrepreneurs in emerging markets to the world’s leading digital brands like Airbnb, Amazon, eBay, Google, Upwork, and Walmart. Payoneer makes global commerce easy and secure. Founded in 2005, Payoneer has a team based all around the world.
In February 2021, Payoneer entered into a definitive agreement and plan of reorganization with FTAC Olympus Acquisition Corp in a transaction that would result in Payoneer becoming a U.S. publicly listed entity. The transaction is expected to close shortly after the Special Meeting, subject to satisfaction of customary closing conditions.
Important Information and Where to Find It
In connection with the proposed Reorganization between Payoneer and FTOC, New Starship Parent Inc. filed with the Securities and Exchange Commission ("SEC") a definitive proxy statement / prospectus contained in a registration statement on Form S-4, as amended, and FTOC will mail the definitive proxy statement / prospectus and other relevant documentation to FTOC stockholders. This document does not contain all the information that should be considered concerning the proposed Reorganization. It is not intended to form the basis of any investment decision or any other decision in respect of the proposed Reorganization. FTOC stockholders and other interested persons are advised to read the definitive proxy statement / prospectus in connection with the solicitation of proxies for the extraordinary general meeting to be held to approve the transactions contemplated by the proposed Reorganization because these materials will contain important information about Payoneer, FTOC and the proposed transactions. The definitive proxy statement / prospectus will be mailed to FTOC stockholders of record as of May 19, 2021. Stockholders are also able to obtain a copy of the definitive proxy statement / prospectus, without charge, at the SEC’s website at http://sec.gov or by directing a request to: FTAC Olympus Acquisition Corp., 2929 Arch Street, Suite 1703, Philadelphia, Pennsylvania 19104.
The definitive proxy statement / prospectus can be found in the filings on Form S-4 by New Starship Parent Inc., as well as in the DEFM14A filing of FTOC at www.sec.gov. Payoneer and FTOC entered into a definitive agreement and plan of reorganization (the "Reorganization") in February 2021. Completion of the Reorganization is subject to approval by the shareholders of FTAC Olympus Acquisition Corp. and certain other conditions. The proposed business combination is expected to close shortly after the Special Meeting.
Participants in the Solicitation
Payoneer and FTOC, and their respective directors and executive officers, may be considered participants in the solicitation of proxies with respect to the potential transaction described in this press release under the rules of the SEC. Information about the directors and executive officers of FTOC and other persons who may, under the rules of the SEC, be deemed participants in the solicitation of the stockholders in connection with the potential transaction and a description of their interests is set forth in the definitive proxy statement/prospectus filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
Non-Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of FTOC or Payoneer, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
Forward-Looking Statements
This press release includes, and oral statements made from time to time by representatives of FTOC and Payoneer may be considered, "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or FTOC’s, Payoneer’s or New Starship Parent Inc.’s future financial or operating performance. For example, projections of future Volume, Revenue, and Operating Income are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "potential" or "continue," or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by FTOC and its management, and Payoneer and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Reorganization; (2) the outcome of any legal proceedings that may be instituted against FTOC, Payoneer, New Starship Parent Inc. or others following the announcement of the Reorganization and any definitive agreements with respect thereto; (3) the inability to complete the Reorganization due to the failure to obtain approval of the shareholders of FTOC, to obtain financing to complete the Reorganization or to satisfy other conditions to closing; (4) changes to the proposed structure of the Reorganization that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Reorganization; (5) the ability to meet applicable listing standards following the consummation of the Reorganization; (6) the risk that the Reorganization disrupts current plans and operations of Payoneer as a result of the announcement and consummation of the Reorganization; (7) the ability to recognize the anticipated benefits of the Reorganization, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Reorganization; (9) changes in applicable laws or regulations; (10) the possibility that Payoneer or the combined Company may be adversely affected by other economic, business and/or competitive factors; (11) Payoneer’s estimates of its financial performance; and (12) other risks and uncertainties set forth in the section entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in FTOC’s Prospectus dated August 25, 2020 filed with the SEC on August 26, 2020, the section entitled "Risk Factors" in FTOC’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2020, as well as any further risks and uncertainties contained in the definitive proxy statement / prospectus filed by FTOC and New Starship Parent Inc. on June 1, 2021. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. None of FTOC, Payoneer or New Starship Parent Inc. undertakes any duty to update these forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210601006109/en/
Contacts
Investor Contact:
Alexis Tessier
PayoneerIR@icrinc.com
Media Contact:
Jed Hamilton
PayoneerPR@icrinc.com
How This Fintech IPO Will Win in a Competitive Industry
There's no shortage of competitors in the payments space, but this fast-growing company thinks it will continue to thrive.
https://www.fool.com/investing/2021/03/11/how-this-fintech-ipo-will-win-in-a-competitive-ind/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
Matthew Frankel, CFP
(TMFMathGuy)
Mar 11, 2021 at 7:03AM
Author Bio
Payments company Payoneer has built up an impressive customer list that includes some of the largest companies in the world. However, the financial technology, or fintech, space is getting far more competitive than it was just a few years ago. Now that Payoneer is set to go public through a merger with FTAC Olympus Acquisition (NASDAQ:FTOC), how will the company continue to grow its business and create shareholder value?
In this Fool Live video clip, recorded on March 1, Fool.com contributor Matt Frankel, CFP, sits down for a chat with Payoneer CEO Scott Galit to find out about the fintech's future growth ambitions.
Matt Frankel: So, you just mentioned acquisitions as a way to grow going forward. I'm curious as to whether you see Payoneer's growth growing its existing business lines like cross-border payments, all the stuff you mentioned earlier, or adding new products and services and growing a financial ecosystem, I guess you'd say.
Scott Galit: A bit more of the latter. I think the acquisition we made last year is a pretty good illustration of how we think about this. We have lots of customers that are selling across different channels and that were asking us to help them with their web stores and the way they manage their online stores that consumers are buying from. We hadn't been able to provide that for them, and so for a few years we had thought that this was an area for us to focus on. We decided that it would be best to acquire a really sophisticated technology platform that we could build around and deliver more for our customers. So that's how we did it. We bought a company named Optile based in Munich, Germany, last year. Literally closed February right before COVID, and that has been the catalyst for us to launch our merchant services for our customers. We started with our large customers and we're going to roll out some services later this year for small customers. I think that's more the way we'll think about it going forward and again, there's a lot of different opportunities. That's part of what so fun about being a global platform with so many great customers around the world. They have a lot of opportunities and a lot of challenges, and so we really think of ourselves as being their best partners. That means us helping them across an increasingly broad range of their opportunities and needs.
Frankel: You just mentioned the challenges of your customers. What do you see as your biggest challenges going forward? The fintech space has become, let's say a lot more competitive over the past few years, in particular. Even with the SPAC boom we're seeing a ton of fintechs going public and everyone has the solution. What do you see as your biggest challenges in maintaining your leadership and what you do?
Galit: First what I'd say, it's really us focusing and executing. It's making sure that because we have so many different opportunities and we have so many customers in so many different places. It's making sure that we continue to be thoughtful and strategic, make the right decisions, focus on the right customers, and then execute well on delivering what our customers and new potential customers need. I think going back to your comment about lots of Fintech companies coming out with the solution. I think about it along the lines of all of commerce is being changed and all commerce in general involves money, and all people and businesses have a wide range of financial needs. So when I think about Fintech, I think about it as being among the biggest categories in the entire world from a business perspective. I think there's tons of room in cross-border payments, multiply that by a factor of 100 when you get into just Fintech overall in how big the universe of opportunity is, just how much the world is changing. I've read estimates that there will be trillions of dollars of new market value created by Fintech companies and I don't know whether that's true or not. But what you can see happening is that in an increasingly digital world, consumers and businesses are looking for increasingly digital ways to buy, to manage their money, and to engage in really all of their activities. It's not surprising that we're seeing the financial infrastructure be remade and that Fintech companies are actually among the folks that are actually looking to do that for consumers and businesses. I think there's a long way to go for Fintech. I think you've seen it in the private markets with investment and I think we'll see in the public markets as well, that there's still lots and lots of room for growth and opportunity.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
Matthew Frankel, CFP owns shares of FTAC Olympus Acquisition. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
these wts are gemstones 'FTAC Olympus Acquisition Corp. (FTOC)'
dats o.k. we will do it. 'FTAC Olympus Acquisition Corp. (FTOC)'
i did more wts today 'FTAC Olympus Acquisition Corp. (FTOC)'
$FTOC looking for that $10 break...
$FTOCW looking good!
Sorry, still need to reactivate my ihub subscription
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