The $1.5b price tag would make it the largest merger in the crypto sector that didn’t involve a SPAC. The deal isn't just about crypto payments either - embedded fintech has been one of the biggest investing trends of the last year, and Wyre also fits into that category. Its products allow its customers to build their own crypto wallets and NFT marketplaces.
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Crypto startup Wyre being acquired by payments company Bolt for $1.5b
Both Bolt and Wyre are based in San Francisco. Wyre offers services for retail and business customers to exchange national currencies and cryptocurrencies between banks and cryptowallets, as well as trading cryptocurrencies. It has money-transmitter licenses in 27 U.S. states.
