GivBux Inc. (OTC: GBUX), known for its Super App and charitable giving platform, has announced the finalization of a Share Exchange Agreement to acquire 100% of Charter House Financial AU. This strategic acquisition, expected to close by July 13, 2025, signifies GivBux's shift towards gold-backed financial services. The move leverages Charter House's asset-backed infrastructure and global networks, aiming to integrate precious metals with digital payments through the GivBux app.
Anthony Capazze, founder of Charter House and a seasoned expert in gold markets and finance, forecasts the venture could generate up to $200 million in revenue in its first full year. This ambitious projection underscores the potential impact of combining fintech innovations with gold-backed financial products. In light of this strategic shift, GivBux has canceled previously announced deals, including a $39 million acquisition of VitorganAmerica.shop, citing due diligence and funding issues.
The acquisition of Charter House Financial AU represents a significant pivot for GivBux, from a focus on charitable giving and e-commerce to a broader ambition in the fintech space. By incorporating gold-backed financial services into its platform, GivBux is positioning itself at the intersection of digital payments and traditional asset-backed security. This development could have far-reaching implications for the fintech industry, offering consumers new ways to engage with digital payments backed by tangible assets.
