Cambridge, UK – 07/05/2026 – Monavate is delighted to announce that we have been acquired by Exodus Movement, Inc, in a transaction that also included the acquisition of sister-company Baanx.com UK Limited.

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This is a significant milestone for Monavate and reflects the hard work and dedication that our team has shown over the past six years in building, refining, and pushing the boundaries of what modern payment infrastructure can be.

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Monavate remains focused on the mission that has guided us from the beginning: to turn payments into power, and to build infrastructure that helps businesses move faster, operate smarter, and scale globally. Becoming part of Exodus amplifies that mission. With Exodus’ scale, resources and vision, we have an unprecedented opportunity to build a truly global payments platform bridging fintech and Web3.

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Michael Rolph, CEO of Monavate, commented:

“We’re at the beginning of a new era of global finance, powered by stablecoins and programmable money. We’ve worked tirelessly over the past six years to solve the complex challenges of blending regulated finance with decentralised values. Exodus’s acquisition reflects our achievements to date, but also marks the beginning of a new chapter for Monavate, one where our solutions become truly embedded in global payments infrastructure.’’

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Scott Lucas, Founder and President of Monavate, added:

‘’We’ve continually pushed ourselves to reimagine what global payments infrastructure should look like. I’m incredibly proud of our achievements to date, and excited for what’s next. A lot of hard work has gone into completing this transaction, and I’m confident that being part of the Exodus family will supercharge our mission to build global payments infrastructure fit for the future.’’

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About Exodus

Founded in 2015, Exodus Movement, Inc. (NYSE American: EXOD) is pioneering self-custodial finance by giving people the tools to earn rewards, spend, manage, and swap digital assets across borders, all without giving up control. Exodus serves millions of users through its products built on a simple principle: your money should be yours.

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Exodus also powers crypto infrastructure for enterprise platforms serving millions of users through its enterprise product suite. Headquartered in Omaha, Nebraska, Exodus is financial software where ownership is the default. For more information, visit exodus.com.
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About Monavate

Monavate is a Cambridge-based fintech specialising in modern card issuing, payment processing, and regulatory infrastructure for some of the world’s fastest-growing fintech and Web3 companies. Founded in 2020, Monavate is an FCA-regulated e-money institution and a principal member of Mastercard, Visa, and Discover, enabling clients to launch and scale payment programmes across the UK, Europe, and beyond.

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Through its API-first MonavateOne platform, the company provides end-to-end issuing, authorisation, settlement, and compliance capabilities that bridge traditional finance and decentralised financial technologies. With more than 6.3 million cards issued and over USD $13.5 billion in processed payments to date, Monavate powers next-generation payment experiences for innovators across fintech, Web3, travel, insurance, media, and enterprise.

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