MatchMove to acquire a stake in Shopmatic.

MatchMove, a fintech company, agreed to acquire a stake in Shopmatic, an e-commerce solutions provider. Financial terms were not disclosed. “We will leverage the MatchMove reach and network to originate new customers as well as accelerate our platform growth across the region. With this partnership with MatchMove we can seamlessly integrate iFinancial offerings and provide our customers with rich banking-in-an-app experience that MatchMove offers,” Anurag Avula, Shopmatic Co-Founder and CEO.