20 April 2018
Visit https://aciworldwide.webex.com

Singapore's Senjō Group acquires Kalixa for EUR29 million

19 December 2016  |  5168 views  |  0 cash

Singaporean-based payments investment firm Senjō Group has acquired the UK's Kalixa from GVC Holdings for a total consideration of EUR29 million.

Operating out of offices in London and Vienna, Kalixa currently processes payments for more than 800 merchants. The company generated revenue in the financial year ended 31 December 2015 of €22.7 million.

Established in 2015, privately-held Senjō Group was first set up as a holding company for a portfolio of payments and financial technology companies with operations spanning Asia, Europe, North America and Africa with the aim of creating a scalable global payments network.

Gavin Lock, chief operations officer, Senjō, says the acquisition of Kalixa will provide a significant bridgehead in Europe: “The acquisition of Kalixa fits well within Senjō Group’s strategy of building out a global payments ecosystem. Senjō Group will provide Kalixa with access to a network in Asia and the benefits of being a part of a global specialist payments operator.”

Completion of the transaction is expected to close in Q1 2017. Kalixa will continue to process payments for GVC and its customers post-completion.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

UK gets pre-paid mobile wallet

UK gets pre-paid mobile wallet

23 July 2013  |  12199 views  |  16 comments | 9 tweets | 10 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://wup.digitalVisit http://go.jumio.com/finextraAdVisit www.abe-eba.eu

Who is commenting?

Top topics

Most viewed Most shared
Revolut launches spare change savings toolRevolut launches spare change savings tool
9539 views comments | 14 tweets | 19 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
8591 views comments | 17 tweets | 31 linkedin
Barclays Bank sets up tech venture unitBarclays Bank sets up tech venture unit
8315 views comments | 16 tweets | 22 linkedin
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
7960 views comments | 18 tweets | 23 linkedin

Featured job

Competitive base, double OTE
London, UK or Paris, France or Frankfurt, Germany (other major cities in Europe considered)

Find your next job