10X Capital Venture Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations with one or more businesses. The company completed its initial public offering in 2020 and trades its units on the OTC Markets under the symbol VCVCU. As a blank‐check vehicle, it holds IPO proceeds in a trust account pending identification of a suitable target business for a de-SPAC transaction.
The SPAC’s investment focus is on companies operating in the financial technology and digital financial services sectors, with particular interest in enterprises that leverage technology to optimize banking, payments, lending, wealth management and capital markets operations. By partnering with experienced fintech entrepreneurs and management teams, the company seeks to capitalize on industry trends such as the shift to digital banking platforms, embedded finance, micro-lending and payment processing innovations.
Sponsored by 10X Capital Partners, the SPAC draws on the expertise of its leadership team, including co-founders with backgrounds in private equity, venture capital and financial services technology. Headquartered in New York, the company leverages relationships within the fintech ecosystem to source potential business combinations across North America and select international markets. Management’s goal is to combine rigorous target screening with operational guidance post-closing in order to generate long-term value for public shareholders.
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