No-Code SaaS Merger Between Orangekloud and VeVe Advances
Singapore-based Orangekloud Technology has issued an update on its proposed merger with Orbis Technology (VeVe). The deal highlights the increasing strategic value of no-code/low-code platforms for enterprise digital transformation and mobile application development.
The transaction is structured as a reverse merger, where Orangekloud Technology (ORKT) will acquire Orbis Technology, making Orbis shareholders the majority owners of the combined entity. The deal, first announced via a non-binding letter of intent on February 11, 2026, is still under negotiation, with both parties requiring more time to finalize the definitive agreement. Orangekloud, led by CEO Alex Goh, offers the eMOBIQ® no-code platform, which enables businesses to develop mobile applications for functions like warehousing, sales, and manufacturing without extensive coding knowledge. The company recently regained compliance with Nasdaq listing requirements after its stock price fell below the minimum bid price. Orbis Technology's flagship brand, VeVe, is a major player in the licensed digital collectibles market, functioning as a marketplace for non-fungible tokens (NFTs). Co-founded by David Yu and Dan Crothers, the New Zealand-based platform has secured high-profile partnerships with brands like Disney, Marvel, and DC to sell and trade digital assets. The merger aims to combine Orangekloud's no-code development capabilities with VeVe's infrastructure for digital intellectual property. This positions the new entity to capitalize on the growing demand for both enterprise digital transformation tools and new avenues for brand monetization through digital assets. VeVe's platform has facilitated over $1 billion in merchandise sales across 180 countries, demonstrating a robust market for digital collectibles. The platform's business model includes fees from new sales and a commission on secondary market trades, with plans to expand into the metaverse with its "VeVeVerse." The deal reflects broader M&A trends in the rapidly growing no-code/low-code platform market, which is projected to reach over $100 billion by 2030. This market growth is driven by a shortage of software development talent and the need for businesses to accelerate their digital innovation.
