Piper Alderman has advised Paid By Coins in relation to it’s acquisition by Mobecom. The global customer-engagement technology developer agreed to pay $6m to $20m, depending on revenue targets achieved, for Paid by Coins. The start-up is a cryptocurrency payment platform developer that came out of Australian technology innovator Lakeba. Paid by Coins has achieved one of the largest potential acquisition deals for a business founded only 7 months ago.
Piper Alderman Partners Michael Bacina and Andrea Beatty advised on the deal, providing legal advice in relation to financial services regulation of the blockchain and cryptocurrency compliance of Paid By Coins.