FIS completed the acquisition of Demica for $300m.

FIS, an American multinational corporation specializing in financial technology, completed the acquisition of Demica, a British supply chain finance software company, for $300m. "These figures reflect Demica's position as a long-term partner to institutions in this sector, supporting sustained growth as global appetite for supply chain finance continues to expand. More and more trade banks see our technology as a route to provide increasingly innovative products and services to their customers, while our corporate clients benefit from the scale and flexible liquidity which has been more necessary than ever in 2024," Matt Wreford, Demica CEO.