Mexico’s Venture-backed Covalto To List on Nasdaq via SPAC Merger
Source(s): SEC | Reuters
Covalto, a Mexico-based digital and banking services platform formerly known as Credijusto, agreed to list on the Nasdaq through a SPAC merger with LIV Capital Acquisition Corp. II (LIVB). The fintech’s listing accompanies USD60m in financing, including USD30m in new financing from LIVB sponsor LIV Capital. Covalto is backed by Goldman Sachs, KASZEK, Argo Ventures, QED Investors and others, and is valued at a reported USD547m pro-forma enterprise value. Read more here and here