Finom, an Amsterdam, The Netherlands-based supplier of a monetary administration platform for SMEs and freelancers, acquired Kapaga, a London, UK-based supplier of fee service facilitating worldwide commerce for SMEs.
The quantity of the deal was not discloded.
With the acquisition, Finom will consolidate its place as a monetary providers supplier for SMEs, and bolster its growth plans within the UK and throughout the continent.
Based by Katya Dorofejeva (CEO), Kapaga gives a fee service offering tailor-made business-accounts to SMEs within the UK, simplifying advanced company buildings, consolidating accounts into one multi-banking platform, offering aggressive FX charges and devoted account administration. The corporate’s cloud structure gives corporations transparency in streamlining cross-border funds, permitting them to ship and invoice cash to 190+ international locations in quite a few currencies through a single and safe utility course of.
Led by CEO Kos Stiskin, Finom offers a monetary platform, which presently offers monetary providers in France, Germany, Italy, and the Netherlands. Companies embody dated funds, e-invoicing, enterprise and expense administration. The corporate consists of a various worldwide staff of 150 full-time employees.