Announced
Financials
Sources
Tags
grocery delivery
Acquisition
Single Bidder
Cross Border
Merger
E-commerce
Private
Friendly
Cambodia
Majority
Pending
Synopsis
Kiwi Pay, a Hong-Kong based fintech firm, agreed to merge with Meal Temple, a Cambodian food and grocery delivery startup. Financial terms were not disclosed. "KiwiPay and Meal Temple had very similar DNAs. Combined, we play with better control of the value chain, new roads to market, and optimized defensibilities. Both teams have provided pharaonic efforts to ensure a successful merger rhythmed by quarantines, lockdowns, and other challenges caused by the pandemic," Maxime Rosburger, Meal Temple Group CEO.
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