NBX and Globitex enter into a strategic partnership on a joint venture into digital banking. The aim is to occupy positions as a leading player in digital financial services in Europe. The deal also includes an exchange of shares between the companies.
Norwegian NBX and the Latvian company Globitex have signed a non-binding share exchange agreement, in which NBX gives up 9.9% of its shares in exchange for receiving 7.9% of its shares in Globitex. This, according to a press release, marks the start of closer cooperation between the two companies, and allows for joint development of new products and services.
The partnership facilitates NBX and Nexpay, a subsidiary of Globitex, to offer a wide range of digital banking services, as a neo-bank within digital assets, in competition with players such as Sygnum Bank and BVNK. The collaboration will make it easier to cross between traditional finance and digital assets, reducing both development time and costs compared to standing alone.
“By combining Nexpay's payment infrastructure with our digital services, we can offer fast, global payments and bridge the gap between traditional and digital finance,” says Stig Alexander Kjos-Mathisen of NBX.
Sofian Berrahal, CEO of Nexpay, emphasizes the opportunities in Europe:
“The collaboration with NBX brings us closer to a complete product line covering both traditional finance and digital assets, and strengthens our regulatory position in Europe,” said Berrahal.
Both companies see huge commercial opportunities in combining each other's strengths. For example, Nexpay's payment infrastructure can be paired with NBX's stablecoin and wallet services, enabling fast, global payments in euros. This should help remove much of the friction that currently exists with international transfers.
With multiple licenses across European jurisdictions, the partnership strengthens the regulatory position of both NBX and Globitex. This provides a solid foundation for providing safe and user-friendly services to customers across Europe.
Globitex has since its inception worked for equal rights and fair access to financial services. The company is behind businesses such as Nexpay and Nexdesk, and aims to bridge the gap between traditional and digital financial solutions.
Globitex had a revenue of €4.4 million in 2024 and an EBITDA of €109,000. In the share swap, Globitex is valued at 8.6 million euros and NBX at 6.7 million euros.
NBX and Globitex enter into a strategic partnership on a joint venture into digital banking. The aim is to occupy positions as a leading player in digital financial services in Europe. The deal also includes an exchange of shares between the companies.
Norwegian NBX and the Latvian company Globitex have signed a non-binding share exchange agreement, in which NBX gives up 9.9% of its shares in exchange for receiving 7.9% of its shares in Globitex. This, according to a press release, marks the start of closer cooperation between the two companies, and allows for joint development of new products and services.
The partnership facilitates NBX and Nexpay, a subsidiary of Globitex, to offer a wide range of digital banking services, as a neo-bank within digital assets, in competition with players such as Sygnum Bank and BVNK. The collaboration will make it easier to cross between traditional finance and digital assets, reducing both development time and costs compared to standing alone.
“By combining Nexpay's payment infrastructure with our digital services, we can offer fast, global payments and bridge the gap between traditional and digital finance,” says Stig Alexander Kjos-Mathisen of NBX.
Sofian Berrahal, CEO of Nexpay, emphasizes the opportunities in Europe:
“The collaboration with NBX brings us closer to a complete product line covering both traditional finance and digital assets, and strengthens our regulatory position in Europe,” said Berrahal.
Both companies see huge commercial opportunities in combining each other's strengths. For example, Nexpay's payment infrastructure can be paired with NBX's stablecoin and wallet services, enabling fast, global payments in euros. This should help remove much of the friction that currently exists with international transfers.
With multiple licenses across European jurisdictions, the partnership strengthens the regulatory position of both NBX and Globitex. This provides a solid foundation for providing safe and user-friendly services to customers across Europe.
Globitex has since its inception worked for equal rights and fair access to financial services. The company is behind businesses such as Nexpay and Nexdesk, and aims to bridge the gap between traditional and digital financial solutions.
Globitex had a revenue of €4.4 million in 2024 and an EBITDA of €109,000. In the share swap, Globitex is valued at 8.6 million euros and NBX at 6.7 million euros.
