For the latest episode of Digitization-X this month, which was first shared with Nova-X Lifetime members. Alex Kagin, our host and the Director of Technology Investing Research for Money Map Press, sat down with Orlando Zayas, the CEO of Katapult.
Katapult recently announced it was merging with FinServ Acquisition Corp (FSRV).
It offers a unique product in the “Buy Now Pay Later Space,” is profitable, and works with large partners like Wayfair and Lenovo.
Orlando breaks down his business and shares why his company could see a 79% CAGR through 2022.
While many SPACs have been targeting industries producing little to no revenue – like flying taxis – and causing rampant speculation, I’m looking at a sector that brought in roughly $20B in revenue in 2020 and is set to grow double digits every year for the next decade.
This is because cannabis legalization is spreading across the globe, including the monumental announcement that New York will become the second-largest market to legalize recreational marijuana. Bloomberg estimates that New York sales could generate roughly $4B, a deal that could push the entire cannabis industry into hypergrowth.
This is perfect timing for us.
It has been another choppy week for the broader markets and SPACs, but the excitement could be coming back as we saw a big pop on a definitive agreement announcement. Fintech Acquisitions Corp. V (NASDAQ: FTCV) was up over 40% on the report that they will merge with the social trading platform eToro.
While the trust value was on the smaller side with this one at $250,000 million, it was led by Betsy Cohen, the SPAC veteran who brought Payoneer to market through FTAC Olympus Acquisitions Corp (NASDAQ: FTOC). The eToro deal will also include a $650 million PIPE so the trust size does not matter as much in this case.
This all leads me back to my #1 rule for investing in SPACs…