Insight Innovators, B.V. agreed to acquire Tixfi Inc. from Remy de Vries, Geurt van Wijk and Arend D. Verweij on December 21, 2015. Under the terms of the consideration, Tixfi Inc. will issue 9.3 million shares to Insight and assume a debt of $0.04 million. Remy de Vries, Geurt van Wijk and Arend D. Verweij will each recieve 3.1 million each as consideration. Arend Dirk Verweij was appointed as Chief Executive Officer and Chief Financial Officer, Geurt van Wijk was appointed as Chief Operating Officer and Remy de Vries was appointed as Chief Technology Officer of Tixfi Inc.

The deal is subject to completion of a financing transaction resulting in minimum proceeds of $0.3 million by the issuance of convertible preferred stock. James Parsons of Parsons/Burnett/Bjordahl/Hume, LLP acted as legal advisor for Tixfi and Laura Anthony and Lazarus Rothstein of Legal & Compliance acted as legal advisors for Insight Innovators.

Insight Innovators, B.V. completed the acquisition of Tixfi Inc. from Remy de Vries, Geurt van Wijk and Arend D. Verweij on December 21, 2015.