Prism and Royal Strategic Partners to acquire Finablr.

Prism Advance Solutions, an international platform dedicated to providing technology and software solutions, and Royal Strategic Partners, agreed to acquire Finablr, a global platform for payments and foreign exchange solutions. Financial terms were not disclosed. The completion of the transaction is subject to customary conditions, including the receipt of certain regulatory approvals. Together with Royal Strategic Partners, Prism aims to work with all stakeholders to revitalise Finablr, which was a core pillar for cross border financial services in the UAE. Prism and RSP are building a highly experienced executive management team to help lead the proposed transformation of Finablr. Through this transformation, Prism intends to create a world-leading, financial services platform for the emerging and frontier markets.