Portage Fintech Acquisition Corporation
PFTAW
NASDAQ Capital Market0.02
USD
+0.01
- -
CIK
0001853580
ISIN
KYG7185D1144
Return %
Stock
S&P500
1Y
-72.06
26.53
3Y
-96.60
76.60
5Y
-98.63
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Richard W. Gaenzle Jr.
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 3109 W 50th St Minneapolis United States of America 55410
- CIK
- 0001853580
- Website
- perceptioniii.com
- Similar Companies
- Business
- Portage Fintech Acquisition Corporation, now renamed Perception Capital Corp. III as of October 2023, operates as a special purpose acquisition company (SPAC) with a focus on the fintech and financial services sectors. The company primarily provides investment capital and strategic partnerships to fintech firms and financial service businesses globally, leveraging a network of investors, commercial partners, and value creation experts. Its services include facilitating capital deployment, market access, and operational support to portfolio companies across various stages of growth. Geographic operations span multiple countries, supported by its affiliation with Perception Capital Partners and Portage Ventures, which have a presence in North America, Europe, and Southeast Asia. Founded as a blank check company and headquartered with managing sponsors linked to Perception Capital Partners, Portage Fintech Acquisition Corporation focuses on fintech-related acquisitions and business combinations. Recent major changes include the company's rebranding from Portage Fintech Acquisition Corporation to Perception Capital Corp. III to reflect its new managing sponsor affiliation with Perception Capital Partners. This change aligns with a strategic shift to leverage expertise in SPAC deals within the fintech ecosystem. The company has actively pursued partnership and acquisition opportunities, exemplified by its recent strategic investment in insurtech company Xceedance to support AI-driven solutions and expand in the insurance technology sector. Additionally, it has adjusted its target industry focus to include environmental, social, and governance (ESG) investments, reflecting evolving market interests. The company continues to explore new vehicle sales and partnership discussions to capitalize on market access and deal flow in the fintech and financial services industries. Portage Fintech Acquisition Corporation is part of a broader investment platform with assets under management totaling billions and over a hundred portfolio partners across more than a dozen countries. It was originally sponsored by PFTA I LP and affiliated with Portage Ventures, a global fintech-focused venture capital platform under Sagard Holdings Inc., which operates in Canada, the U.S., France, and Southeast Asia. The company is listed on Nasdaq under ticker symbols related to its SPAC vehicle and continues to focus on leveraging the SPAC model to bring fintech companies public and facilitate growth through capital and strategic support. This description covers the company’s core products and services, geographic scope, recent strategic changes including the name change and investment activities, and its business segment focus on fintech and financial services.