The Giving Block

Canaccord Genuity Acts as Exclusive Financial Advisor to The Giving Block on its Acquisition by Shift4

Canaccord Genuity is pleased to announce that on March 1, 2022, The Giving Block, specializing in cryptocurrency fundraising for nonprofits, will be acquired by Shift4 (NYSE: FOUR), a leading provider of integrated payment and technology solutions. Canaccord Genuity acted as Exclusive Financial Advisor to The Giving Block.

The Giving Block operates a 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.

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.

The Canaccord Genuity Deal Team consisted of Geoff Rhizor, Robert McElligott, and Jake Hesson.