Announced
Financials
Tags
Malaysia
Pending
Single Bidder
fintech company
unified payment services
Acquisition
Hong Kong
Philippines
Thailand
FinTech
Private
Friendly
Private Equity
Majority
Cross Border
Synopsis
Finch Capital-backed Nomu Pay, a FinTech company, agreed to acquire the Asian business of Wirecard, a unified payment processing services provider. Financial terms were not disclosed. The transactions are expected to be completed in May 2021 for Thailand, Malaysia and Hong Kong, and for the Philippines later in the year. “As a pan-European and pan-Asian firm we are bullish on the growth in these regions and have reserved significant capital to invest in them through Nomu Pay. Acquiring Wirecard APAC key entities provides us with access and infrastructure to invest in improving the payments landscape for millions of people," Radboud Vlaar, Finch Capital Managing Partner.
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