Home Plate Acquisition Corp.
We intend to focus on high-growth U.S. and international acquisition targets in the FinTech and Embedded Finance sectors
“Embedded Finance” refers to the combination of a non-financial service provider with a financial technology. Embedded Finance offers transformational opportunities among consumer or enterprise businesses that can rapidly monetize and scale through the integration of financial technology. There are a vast range of opportunities. As described by Finextra Research and other sources, examples include: an e-commerce site offering a “buy now, pay later” option that serves as a digital loan; a ride-hailing site allowing users to pay directly on the app, rather than handing the driver cash or a credit card; an auto manufacturer or retailer electronically incorporating the application for insurance into the process of buying the vehicle; a consumer service provider allowing employees to receive payment almost instantly through a digital wallet or special debit cards; a health care provider leveraging data sets to match patients with the optimal coverage; and, a real estate service closing a transaction online without an agent as an intermediary.
The potential market for Fintech is large and rapidly expanding, particularly as payments and other embedded finance capabilities have a highly accretive impact on a myriad of consumer and enterprise applications. According to Pitchbook, during 2020, Fintech companies raised over $44 billion from venture capital in over 2,000 deals, with strong momentum in the fourth quarter, and the value of venture capital exits for Fintech companies reached almost $31 billion.
(Note: Home Plate Acquisition priced its SPAC IPO on Sept. 29, 2021, in line with the terms in its prospectus: 20 million units at $10 each to raise $200 million.)
|Address||P.O. Box 1314 New York, NY 10028|
|Phone Number||(917) 703-2312|
|View Prospectus:||Home Plate Acquisition Corp.|
|Revenues||$0 mil (last 12 months)|
|Net Income||$0 mil (last 12 months)|
|Price range||$10.00 - $10.00|
|Est. $ Volume||$200.0 mil|
|Manager / Joint Managers||Jefferies|
|Expected To Trade:||9/30/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|