Announced
Completed
Financials
Tags
Friendly
FinTech
Domestic
fintech
Completed
Majority
Malaysia
Single Bidder
Acquisition
financial sercives
Private
Synopsis
Merchantrade, a mobile payment company, completed the acquisition of Valyou, a fintech firm, from Telenor, a telecommunication company. Financial terms were not disclosed. "In addition to the past achievements and the team that Merchantrade has grown after acquiring Valyou, I believe that the company has the talents, resources, and the ability to expand our footprint and business in Malaysia and the region. I am optimistic about the company’s prospects, and I am also optimistic about the future expectantly," Ramasamy K Veeran, Merchantrade Managing Director.
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