Portage Fintech Acquisition Corporation

General Information
Business:

We intend to focus on industries that complement our team’s background and capitalize on our ability to source and acquire a business in the financial technology (“FinTech”) or financial services ecosystem, including key verticals such as Wealth and Asset Management, Consumer and SME Finance, Insurance, Payments, Information Services and FinTech Infrastructure. While our sourcing efforts will primarily be concentrated in the United States, we will also leverage our extensive global network to expand our pool of opportunities in several other geographies, including Western Europe and Canada. (Portage Fintech is a new SPAC or blank-check company incorporated in the Cayman Islands.)

Our sponsor is affiliated with Portage Ventures, a large global FinTech-focused venture capital firm, which is the venture capital arm of Sagard. As of Dec. 31, 2020, Portage had over 40 employees, 13 senior advisors, and assets under management in excess of $1 billion.

Adam Felesky, our CEO, is the CEO of Portage. He is the executive chairman of KOHO Financial Inc. He began his career in investment banking at J.P. Morgan Canada and CIBC World Markets.

Ajay Chowdhery, our CFO and COO, has extensive experience and a strong track record as an investor, advisor and operator in the financial services and FinTech industries. Before joining Portage Fintech as our chief financial officer and chief operating officer, Mr. Chowdhery spent over a decade as a mergers and acquisitions (M&A) professional at Visa Inc., one of the largest payments networks globally, and at premier investment banks, including Barclays and Perella Weinberg Partners. 

(Note: Portage Fintech Acquisition upsized its SPAC IPO at pricing on July 20, 2021, to 24 million units, up from 20 million units in the prospectus, at $10 to raise $240 million.)

 

 

Industry: BLANK CHECKS
Employees: 0
Founded: 2021
Contact Information
Address 280 Park Avenue, 3rd Floor New York, NY 10017
Phone Number (212) 380-5605
Web Address
View Prospectus: Portage Fintech Acquisition Corporation
Financial Information
Market Cap $290.0mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol PFTAU
Exchange NASDAQ
Shares (millions): 24.0
Price range $10.00 - $10.00
Est. $ Volume $240.0 mil
Manager / Joint Managers Goldman Sachs/ BTIG/ Scotiabank/ SoFi
CO-Managers -
Expected To Trade: 7/21/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change