Origin Merchant Partners (“Origin”) acted as the Independent Financial Advisor to the special committee of WonderFi (TSX:WNDR) on its sale to Robinhood (NASDAQ:HOOD).
The two companies entered into a definitive agreement in an all-cash deal amounting to a total consideration of approximately C$250 million. This transaction represents a pivotal step in Robinhood’s expansion strategy, marking its entry into the Canadian market and highlights the new strategic focus on its rapidly growing crypto segment for both its retail and institutional clients. This transaction enhances WonderFi’s journey to bring its technology, innovation, and talent to a broader client base, positioning it to seize new market opportunities and lead Robinhood’s expansion in Canada.
About WonderFi
WonderFi is a leader in centralized and decentralized financial services and products. With over C$2.1 billion in client assets under custody, WonderFi’s regulated trading platforms are well-positioned to service crypto participants across Canada with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications. Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare and SmartPay.
About Robinhood
Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Today, Robinhood lets you trade stocks, options, futures (which includes options on futures, swaps, and event contracts), and crypto, invest for retirement, and earn with Robinhood Gold. Headquartered in Menlo Park, California, Robinhood puts customers in the driver’s seat, delivering unprecedented value and products intentionally designed for a new generation of investors.
Press Release : WonderFi Enters into Definitive Agreement to be Acquired by Robinhood Markets
Deal team: Jim Osler, Tedi Gjoleka
