Matchmove completed the acquisition of Shopmatic for $200m.

Matchmove, a developer of mobile payment technology-based platform, completed the acquisition of Shopmatic, an international e-commerce company, for $200m. “Demand for embedded finance and e-commerce is growing extremely fast. Shopmatic has built an amazing business and team with proven ecommerce tools which support SMEs to trade online. The acquisition provides a large user base to deploy our financial services, reaching a huge sector of the economy at scale. Enterprise customers can now completely digitalise their supply chains - providing services like supply chain lending and vendor payments through a single platform to Shopmatic’s ecosystem of SME customers," Shailesh Naik, MatchMove CEO.