Shift4 Acquires Finaro and The Giving Block to Expand International Payments and Crypto Capabilities

Shift4 (NYSE: FOUR), a leading provider of integrated payment and technology solutions, recently announced that it will acquire both Finaro, a cross-border eCommerce payments provider with a large European presence, and The Giving Block, which specializes in cryptocurrency fundraising for nonprofits. These acquisitions support Shift4's ambitious goals and better position the company to pursue a multi-trillion-dollar addressable market across the world, including accelerating growth in eCommerce, gaming, stadiums, restaurants, hospitality, specialty retail, charitable giving, and a new capability with cryptocurrency enablement.  

Finaro will provide the global infrastructure and cutting-edge technology needed to drive Shift4's international ambitions to deliver a unified commerce experience. By integrating Finaro's capabilities, Shift4 will be able to expand the company's current services around the world, including its next-generation SkyTab POS solution, Shift4Shop eCommerce platform, and VenueNext stadium offering. Shift4 also has more than 425 software integrations and over 200,000 merchant customers, many of which have a multinational presence and provide immediate international opportunities that can now be unlocked as a result of this acquisition.

The Giving Block operates the leading crypto donation marketplace connecting cryptocurrency donors with over 1,300 nonprofit organizations. It is a fast growing and highly profitable business filling a vital need for nonprofits, with cryptocurrency donations, including Bitcoin and Ethereum, representing the #1 trend in philanthropic giving for 2022.

Shift4 will invest further in The Giving Block's successful strategy while also pursuing a $45+ billion embedded cross-sell opportunity by bundling crypto donation capabilities with traditional card acceptance. This represents just a small portion of the $470+ billion nonprofit addressable market that Shift4 will uniquely be able to pursue as a result of this acquisition. This acquisition also brings a team of cryptocurrency & blockchain technical talent who will establish a Crypto Innovation Center at Shift4 and integrate crypto acceptance and settlement capabilities across Shift4's current offerings in a wide range of verticals.  

These two acquisitions are expected to contribute over $15B of end-to-end payment volume and $35M of adjusted EBITDA in 2023.