FDCTech, Inc. Signs Letter of Intent to Acquire Xoala (Steven AB), a Regulated Electronic Money Institution in Sweden
FDCTech (PINK: FDCT) has signed a non-binding Letter of Intent to acquire Steven AB (Xoala), a Swedish Electronic Money Institution, for $6.75 million. The acquisition price will be paid in five annual installments of $1.35 million each from 2026 to 2030.
Xoala holds a prestigious EMI license in Sweden with EEA-wide authorization, offering regulated multi-currency accounts in 26 fiat currencies and 8 cryptocurrencies. The acquisition will integrate Xoala's payment platform with FDCTech's Condor Trading Platform and Alchemy Markets' brokerage services, creating a unified trading and payments solution.
The deal includes a 45-day exclusivity period for due diligence and aims to position FDCTech as a vertically integrated global trading and payments group with access to Europe's $2 trillion payments market.
FDCTech (PINK: FDCT) ha firmato una Lettera di Intenti non vincolante per acquisire Steven AB (Xoala), un'Istituzione di Moneta Elettronica svedese, per 6,75 milioni di dollari. Il prezzo di acquisto sar脿 corrisposto in cinque rate annuali da 1,35 milioni di dollari ciascuna, dal 2026 al 2030.
Xoala possiede una prestigiosa licenza EMI in Svezia con autorizzazione valida in tutta l'Area Economica Europea, offrendo conti multi-valuta regolamentati in 26 valute fiat e 8 criptovalute. L'acquisizione integrer脿 la piattaforma di pagamento di Xoala con la Condor Trading Platform di FDCTech e i servizi di intermediazione di Alchemy Markets, creando una soluzione unificata per trading e pagamenti.
L'accordo prevede un periodo di esclusiva di 45 giorni per la due diligence e punta a posizionare FDCTech come un gruppo globale di trading e pagamenti verticalmente integrato, con accesso al mercato europeo dei pagamenti da 2 trilioni di dollari.
FDCTech (PINK: FDCT) ha firmado una Carta de Intenci贸n no vinculante para adquirir Steven AB (Xoala), una Instituci贸n de Dinero Electr贸nico sueca, por 6,75 millones de d贸lares. El precio de adquisici贸n se pagar谩 en cinco cuotas anuales de 1,35 millones de d贸lares cada una, desde 2026 hasta 2030.
Xoala posee una prestigiosa licencia EMI en Suecia con autorizaci贸n en toda el 脕rea Econ贸mica Europea, ofreciendo cuentas multimoneda reguladas en 26 monedas fiduciarias y 8 criptomonedas. La adquisici贸n integrar谩 la plataforma de pagos de Xoala con la Condor Trading Platform de FDCTech y los servicios de corretaje de Alchemy Markets, creando una soluci贸n unificada de trading y pagos.
El acuerdo incluye un per铆odo de exclusividad de 45 d铆as para la debida diligencia y busca posicionar a FDCTech como un grupo global de trading y pagos verticalmente integrado, con acceso al mercado europeo de pagos de 2 billones de d贸lares.
FDCTech (PINK: FDCT)電� 鞀れ洦雿� 鞝勳瀽頇旐彁 旮瓣磤鞚� Steven AB (Xoala)毳� 675毵� 雼煬鞐� 鞚胳垬頃橁赴 鞙勴暅 甑啀霠� 鞐嗠姅 鞚橅枼靹滊ゼ 觳搓舶頄堨姷雼堧嫟. 鞚胳垬 雽�旮堨潃 2026雲勲秬韯� 2030雲勱箤歆� 毵る厔 135毵� 雼煬鞌� 5須� 攵勴暊 雮╇秬霅╇媹雼�.
Xoala電� 鞀れ洦雿挫棎靹� 甓岇渼 鞛堧姅 EMI 霛检澊靹犾姢毳� 氤挫湢頃橁碃 鞛堨溂氅�, 鞙犽熃瓴届牅歆�鞐�(EEA) 鞝勳棴鞐愳劀 項堦皜毳� 氚涭晞 26臧滌潣 氩曥爼韱淀檾鞕� 8臧滌潣 鞎旐樃頇旐彁搿� 霅� 雼れ 韱淀檾 瓿勳毳� 鞝滉车頃╇媹雼�. 鞚措矆 鞚胳垬搿� Xoala鞚� 瓴办牅 頂岆灚韽检澊 FDCTech鞚� Condor Trading Platform 氚� Alchemy Markets鞚� 欷戧皽 靹滊箘鞀れ檧 韱淀暕霅橃柎 韱淀暕霅� 瓯半灅 氚� 瓴办牅 靻旊（靺橃澊 甑稌霅╇媹雼�.
鞚� 瓯半灅鞐愲姅 鞁れ偓毳� 鞙勴暅 45鞚缄皠鞚� 霃呾爯 旮瓣皠鞚� 韽暔霅橃柎 鞛堨溂氅�, FDCTech毳� 鞙犽熃鞚� 2臁� 雼煬 瓴办牅 鞁滌灔鞐� 鞝戧芳頃� 靾� 鞛堧姅 靾橃 韱淀暕 旮�搿滊矊 瓯半灅 氚� 瓴办牅 攴鸽９鞙茧 鞛愲Μ毵り箑頃橂姅 瓴冹潉 氇╉憸搿� 頃╇媹雼�.
FDCTech (PINK : FDCT) a sign茅 une lettre d'intention non contraignante pour acqu茅rir Steven AB (Xoala), une institution de monnaie 茅lectronique su茅doise, pour 6,75 millions de dollars. Le prix d'acquisition sera pay茅 en cinq versements annuels de 1,35 million de dollars chacun, de 2026 脿 2030.
Xoala d茅tient une licence EMI prestigieuse en Su猫de avec une autorisation couvrant l'Espace 茅conomique europ茅en, offrant des comptes multi-devises r茅glement茅s en 26 monnaies fiat et 8 cryptomonnaies. L'acquisition int茅grera la plateforme de paiement de Xoala avec la Condor Trading Platform de FDCTech et les services de courtage d'Alchemy Markets, cr茅ant une solution unifi茅e de trading et de paiements.
L'accord comprend une p茅riode d'exclusivit茅 de 45 jours pour la due diligence et vise 脿 positionner FDCTech comme un groupe mondial de trading et de paiements verticalement int茅gr茅, avec un acc猫s au march茅 europ茅en des paiements de 2 000 milliards de dollars.
FDCTech (PINK: FDCT) hat eine unverbindliche Absichtserkl盲rung zum Erwerb von Steven AB (Xoala), einer schwedischen Electronic Money Institution, f眉r 6,75 Millionen US-Dollar unterzeichnet. Der Kaufpreis wird in f眉nf j盲hrlichen Raten von jeweils 1,35 Millionen US-Dollar von 2026 bis 2030 gezahlt.
Xoala verf眉gt 眉ber eine angesehene EMI-Lizenz in Schweden mit EWR-weiter Zulassung und bietet regulierte Mehrw盲hrungskonten in 26 Fiat-W盲hrungen und 8 Kryptow盲hrungen an. Die Akquisition wird die Zahlungsplattform von Xoala mit der Condor Trading Platform von FDCTech und den Brokerage-Diensten von Alchemy Markets integrieren und so eine einheitliche Handels- und Zahlungsl枚sung schaffen.
Der Deal beinhaltet eine 45-t盲gige Exklusivit盲tsphase f眉r die Due Diligence und zielt darauf ab, FDCTech als vertikal integrierte globale Handels- und Zahlungsgruppe mit Zugang zum 2-Billionen-Dollar-Zahlungsmarkt Europas zu positionieren.
- Access to Europe's $2 trillion payments market through Swedish EMI license with EEA-wide authorization
- Expansion of revenue streams through FX spreads, account fees, card issuance, and cross-border transactions
- Integration potential between payment platform and existing trading infrastructure
- Flexible payment structure with $6.75M acquisition cost spread over 5 annual installments
- Non-binding LOI subject to due diligence and final agreement
- Significant financial commitment with $1.35M annual payments through 2030
- Integration risks between multiple platforms and regulatory frameworks
- Extended payment schedule could impact cash flow management
The Company Secures Strategic Gateway to Europe鈥檚
Irvine, CA, Aug. 06, 2025 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," PINK:聽), a fintech-driven firm specializing in acquiring and scaling small to mid-size legacy financial services companies, today announced it has entered into a non-binding Letter of Intent (LOI) to acquire Steven AB, trading as Xoala, a Swedish-registered company (Reg. No.鈥�559026鈥�5673), authorized as an Electronic Money Institution and regulated by the Swedish Finansinspektionen (ID No.鈥�48004).
The acquisition is part of the Company鈥檚 strategy to expand its regulated financial services footprint across Europe and the UK, positioning itself as a vertically integrated global trading and payments group. Signing this LOI with Steven AB marks an important step toward our vision of becoming a fully integrated fintech powerhouse. Once completed, this acquisition will give the Company a strong European payments infrastructure, enabling us to provide our clients with a complete trading-to-payments solution underpinned by robust regulatory licenses.
Under the LOI, Company proposes to acquire
- Payment Schedule: The consideration will be paid in five equal annual instalments of
$1,350,000 each, starting June 13, 2026, through June 13, 2030. - Exclusivity Period: The Seller has agreed to a 45-day exclusivity period for the Company to conduct due diligence and negotiate a definitive Share Purchase Agreement (SPA).
- Transitional Operations: Both parties will continue to operate the business in the normal course until closing.
The LOI is non-binding except for certain provisions relating to exclusivity, confidentiality, and governing law. A final binding SPA is expected within 45 days, subject to due diligence.
Steven AB (Xoala) holds a prestigious Electronic Money Institution license in Sweden and offers multi-currency accounts, FX services, payment acquiring, and both virtual and physical debit cards. This license is extended across the European Economic Area (EEA), giving the Company a regulatory gateway to offer financial services to millions of potential customers. Xoala offers regulated multi-currency accounts in twenty-six (26) fiat currencies and supports eight (8) leading cryptocurrencies, enabling instant FX conversion, cross-border payments, and seamless crypto-to-fiat settlements under European regulations. Integrating Xoala鈥檚 regulated payments platform with the Company鈥檚 Condor Trading Platform and Alchemy Markets鈥� regulated brokerage will allow clients to trade, manage multi-currency accounts, and make global payments from a single, unified platform.
The acquisition expands the Company鈥檚 high-margin fee income streams from FX spreads, account fees, card issuance, and cross-border transactions 鈥� reducing reliance on trading commissions alone. By combining regulated payment processing and brokerage services, The Company is creating a vertically integrated fintech model that can compete with larger global players, while remaining agile and retail-investor focused.
For more information on the Company鈥檚 results and strategic plans, please visit our or the .
Steven AB
Xoala, the registered trading name of Steven AB and Swipe International Ltd., is a Swedish and UK-authorized Electronic Money Institution. The company offers multi-currency accounts, local and international payments, FX conversion, card issuance, and corporate payout solutions.
FDCTech, Inc.
("FDC") is a regulatory-grade financial technology infrastructure developer designed to serve the future financial markets. Our clients include regulated and OTC brokerages, as well as prop and algo trading firms of all sizes, across various asset classes, including forex, stocks, commodities, indices, ETFs, precious metals, and other financial instruments. Our growth strategy involves acquiring and integrating small to mid-size legacy financial services companies, leveraging our proprietary trading technology and liquidity solutions to deliver exceptional value to our clients.
Press Release Disclaimer
This press release's statements may be forward-looking statements or future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third party. Therefore, in no case will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.
Contact Media Relations
FDCTech, Inc.
+1 877-445-6047
200 Spectrum Center Drive, Suite 300,
Irvine, CA, 92618
FAQ
What is the acquisition price for Xoala (Steven AB) by FDCTech (FDCT)?
What licenses and services does Xoala provide as an Electronic Money Institution?
How will the Xoala acquisition benefit FDCTech's business model?
What is the timeline for completing FDCTech's acquisition of Xoala?
What regulatory approvals does Xoala have in Europe?
