- Business
- Banxa Holdings Inc. (TSXV: BNXA) operates as a payments service provider for cryptocurrency exchanges and digital asset platforms, offering fiat-to-crypto on-ramp and off-ramp infrastructure that enables users and businesses to buy and sell digital assets including cryptocurrencies and NFTs using methods such as credit cards, bank transfers, and local payment options; its core products encompass a compliant payment gateway with APIs and SDKs for seamless integration into exchanges, wallets, and blockchain applications, featuring built-in fraud detection, Know Your Customer processes, and support for multiple fiat currencies across regulated jurisdictions. The company serves global crypto platforms targeting retail and institutional customers, with primary operations in Australia, North America, Europe, and additional reach through licenses like 37 U.S. Money Transmitter Licenses, Canada, and Australia approvals. Founded and headquartered in Vancouver, British Columbia, Canada, Banxa recently entered into a definitive agreement in June 2025 to be acquired by Hong Kong-listed OSL Group for CAD $1.55 per share in an all-cash transaction valued at approximately CAD $85.2 million, representing an 80% premium to recent trading levels to enhance OSL's global regulatory footprint and payment capabilities; securityholders overwhelmingly approved the plan of arrangement in August 2025, with a final court order hearing announced and the deal anticipated to close in Q4 2025 or Q1 2026, alongside filing audited FY25 results and unaudited Q1 FY26 financials.