Name | Value |
---|---|
Revenues | 0.0K |
Cost of Revenue | 0.0K |
Gross Profit | 0.0K |
Operating Expense | 543.9K |
Operating I/L | -543.9K |
Other Income/Expense | 1,342.2K |
Interest Income | 1,342.2K |
Pretax | 798.3K |
Income Tax Expense | -122.1K |
Net Income/Loss | 798.3K |
Finnovate Acquisition Corp. is a blank check company that seeks to merge with or acquire businesses in the financial technology sector, particularly those related to payments, insuretech, wealthtech, regtech, digital banking, fintech as a service (FAAS), banking as a service (BAAS), cyber area for financial institutions, blockchain and crypto, algo-trading and exchanges, and lending and credit line platforms. The company's primary focus is on identifying and investing in Israel-related companies within these sectors to create value and generate revenue through strategic business combinations.