About company
They intend to concentrate their efforts in identifying high-growth businesses in the FinTech industry headquartered in the United States or with operations or prospective operations within the United States. They anticipate these targets to have an enterprise value of approximately $800 million to $3.0 billion.Within the broader FinTech industry, specific sectors of focus will include businesses in the payment processing, digital “buy now pay later” space, digital banks or neo banks, e-commerce financing, digital lending, remittance, underwriting and data analytics, insurance technology, real estate technology, property technology and fraud detection sectors. They will place particular emphasis on acquiring a FinTech business with a best-in-class management team, rapid sales growth, industry-leading unit economics, a differentiated technology platform and attractive competitive dynamics within a geography and/or industry vertical that offers a large and expanding addressable market. In considering potential acquisition targets, they will prioritize targets that promote financial inclusion and superior value add to the end consumer or small-to-medium enterprise (“SME”) through lowering overall transaction costs and providing access to high-quality financial services.Their sponsor is affiliated with Victory Park Capital Advisors, a registered investment advisor founded in 2007.(Note: VPC Impact Acquisition Holdings III priced its SPAC IPO on March 4, 2021, in line with the terms in it prospectus: 22.5 million units at $10 each to raise $225 million.)