Kado Software Acquired by Denmark-Based Swapped.com
M&A activity continues in the crypto space with Kado Software, a Web3 payments infrastructure company, being acquired by Swapped.com.
Key points:
- Terms of the deal were not disclosed.
- Swapped.com, based in Denmark, aims to expand its US operations following the acquisition.
- Kado's founder, Emery Andrew, will remain involved in leading US operations and product development.
- Swapped.com CEO Thomas Franklin emphasized the value of merging expertise to enhance Web3 products and user experience.
- Kado has a focus on reducing payment fees as competition increases in the market.
- New products are in development but have not yet been publicly announced.