Fintech News

GoLogiq’s GammaRey Merger Paves Way for Two Potential Major FinTech Acquisitions with Aggregate Assets Under Management Exceeding $10 Billion

GoLogiq’s GammaRey Merger Paves Way for Two Potential Major FinTech Acquisitions with Aggregate Assets Under Management Exceeding $10 Billion

GoLogiq, Inc., a U.S.-based global provider of fintech and consumer data analytics, reports that its recently completed merger with GammaRey has enabled the company to now pursue two major fintech acquisition targets. The targets collectively have more than $10 billion in assets under management that are managed by more than 200 financial advisors.

GammaRey brought to GoLogiq a profitable business with strong cash flow driven by an estimated $20 million annualized revenue run rate, plus nearly $800 million in customer financial assets. Moreover, it introduced a pipeline of highly attractive accretive and/or tech-enabling acquisition targets.

“Now with our merger with GammaRey complete, our expanded team has now turned its focus on additional complementary acquisitions in the pipeline,” stated GoLogiq interim CEO, Brent Suen. “Due to GammaRey now being part of GoLogiq as a public company, it is now in a better position to pursue two existing M&A targets which collectively have more than $10 billion in client assets under management and two decades of business success. Successful M&A transactions with these two prospects would further enhance our competitive strength while providing accretive earnings on a combined basis.”

Latest Fintech News: Startup nealthy Raises $1.3 Million in Pre-seed to Simplify NFT and Crypto Investing

GoLogiq’s expanded platform addresses the high-growth market of wealth management for Generation Z and Millennials. This new generation of wealth-builders represents the sharing economy that prefer digital banking solutions, such as virtual payments, online lending and point-based loyalty programs.

GoLogiq also recently announced it entered into a definitive $30 million merger agreement with Nest Egg, which is soon to launch a new simplified retirement investing app. The app offers a streamlined AI-powered solution for discovering, planning, and automating retirement savings, including investment products and services offered by Nest Egg’s FINRA-licensed broker dealer.

“We anticipate Nest Egg to not only enhance our value proposition for potential Generation Z and Millennial customers,” continued Suen, “but also for these two complementary acquisition targets we are pursuing. We can see Nest Egg’s technology platform having a tremendous positive impact on their growth and global market opportunities.”

Latest Fintech News: Sagent Appoints Industry Vet and Mortgage Servicing Ops Master Perry Hilzendeger as EVP of Servicing

GoLogiq also recently reported that it has begun the process of applying to list on a senior U.S. stock exchange. The listing would be subject to approval based on several factors, including satisfaction of minimum listing requirements. The company believes it meets the quantitative requirements, including net shareholder equity and market capitalization.

GoLogiq believes it also satisfies the reporting and governance requirements for the listing. It is fully reporting to the U.S. Securities and Exchange Commission, and it recently appointed two highly experienced independent board members that established a majority of independent directors on its board.

Latest Fintech News: Corpay Cross-Border Announced as Real Betis Balompié’s Official FX Payments Provider

[To share your insights with us, please write to]

Related posts

GCG Advisory Partners Welcomes Nicholas St. George with St. George Wealth Group

Fintech News Desk

Hancock Whitney Bank Offers PayActiv EWA Program to Business Clients

Fintech News Desk

ANTIC Launches REalSearch Automated Decision Engine

Fintech News Desk