Monaker group enters into agreement to acquire majority stake in digital bank with plans to expand longroot's initial coin offering portal with fintech solutions

Sunrise, fl, april 07, 2021 (globe newswire) -- via newmediawire -- monaker group, inc. (nasdaq: mkgi) (“monaker” or the “company”), a technology solutions company, today announced it has signed an agreement to purchase approximately 57.6% of the common voting shares of international financial enterprise bank, inc. (“ifeb”), a puerto rico corporation licensed as an act 273-2012 international financial entity, headquartered in san juan, puerto rico.  the closing of the purchase is subject to approval, review and acceptance of monaker by the commissioner of financial institutions of puerto rico (“ocif”) – the regulator for ifeb.  monaker paid us$6,400,000 in cash for the acquisition of the majority stake in ifeb.
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