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Shift4 Announces Two Acquisitions to Expand International Payments And Cryptocurrency Capabilities

Shift4, a leading provider of integrated payment and technology solutions, 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.

“These two acquisitions build on the momentum from our recent investor day and underscore our aggressive efforts to deliver a unified commerce experience across the world. These deals clearly show our ability to support existing transformational and global customers like SpaceX Starlink & St. Jude Children’s Research Hospital and provide a real right-to-win additional customers across the nonprofit vertical. It also represents an exciting and responsible step towards further embracing cryptocurrencies and blockchain technology,” said Shift4 CEO Jared Isaacman.

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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.

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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.

“Cryptocurrency is quickly moving beyond early adoption and becoming increasingly mainstream as more people want to invest, transact and donate in crypto,” stated Isaacman. “We intend to be at the forefront of this movement and leverage The Giving Block technology across the entire Shift4 enterprise.”

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