Fintechs GoLogiq and GammaRey Sign $320M Merger Deal, GammaRey Is Optimizing Remittances Using Blockchain

Fintech and consumer data analytics provider GoLogiq has signed a definitive share deal agreement with fintech company GammaRey, under which GoLogiq will issue $320 million of common stock, valued at $3.00 each, in exchange for 100% of GammaRey’s outstanding shares. The transaction is expected to close in the next few weeks. The combined company plans to initially focus on the high-growth wealth management market for Gen Z and millennials. GammaRey is a global fintech company providing financial solutions to governments, businesses and consumers. The speed and cost structure of global remittance technology is being changed through blockchain technology, driving the formation of a digital economy full-stack ecosystem, including digital wallets, borderless payments, and proprietary platforms that provide functionality through the purchase of goods and services.