For $16 million, the Brazilian fintech company Celcoin acquired Finansystech.
Finansystech, a company established in 2021, has created solutions that link financial institutions authorised to participate in open finance, allowin
Finansystech, a company established in 2021, has created solutions that link financial institutions authorised to participate in open finance, allowing businesses to run services including payments, data sharing, and consent management. Since Celcoin works as an intermediary and enables unregulated businesses to make payments or share data in the open finance environment, the companys solutions match Celcoins product line. By the end of 2023, Celcoin hopes to quadruple its monthly financial transaction volume to $2.3B thanks to this purchase. The acquisition will improve Celcoins standing in open finance and round out its line of banking infrastructure and financial technology products.
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B2B Tech News | 1 months ago