FSI-backed BANCOMAT completed the acquisition of a majority stake in Flowpay.

FSI-backed BANCOMAT, a payment services company, completed the acquisition of a majority stake in Flowpay, a fintech specializing in open banking and digital payment solutions. Financial terms were not disclosed. “We are thrilled to embark on this new path with BANCOMAT, which represents a significant turning point for Flowpay. An opportunity to strengthen our impact on the market, creating new standards in digital collection and payment systems, to be brought to the service of current partners and all those who will come,” Federico Masi, Flowpay CEO & Co-Founder.