Announced

KFintech to acquire WebileApps.

Synopsis

KFintech, an investor in servicing industry, agreed to acquire WebileApps, a provider of technology solutions focused on design and development to its partners, enterprises, and entrepreneurs. Financial terms were not disclosed. “This acquisition is highly synergistic and with the integration of WebileApps' over decade of experience, in serving clients globally, and our expertise in design and development, this acquisition is committed to enabling digital transformation for clients, leveraging cross-functional teams with domain-specific knowledge to create world-class products that meet the needs of today's digital landscape,” Nazish Hussain Mir, WebileApps Co-Founder and CEO.

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