16 July 2018
Visit www.avoka.com

Gruppo Banca Sella unit to buy mobile FS firm Vipera

20 April 2018  |  6776 views  |  0 Man holding smartphone

The fintech arm of Italy's Gruppo Banca Sella has agreed a £24 million cash deal to buy mobile financial services outfit Vipera.

LSE-listed Vipera first revealed that it had been in talks with Sella Open Fintech Platform (SOFP) last month. Now, the firm's board has now recommended the offer of 7.5 pence per share, a 20% premium.

Founded in 2005, Vipera has offices in London, Milan and Zurich, selling mobile banking, card management and customer engagement technology to financial institutions, including Mashreq.

SOFP was recently set up by Sella to act as a holding company for its fintech business, taking on the family-owned bank's POS, ecommerce and credit card acceptance business. As well as Vipera, the unit has agreed to buy supply chain finance outfit Kubique.

Luciano Martucci, chairman, Vipera says: "Gruppo Banca Sella has been a valued customer of Vipera for some time and a shareholder since July 2017. I am pleased that our increasingly close relationship has led to our shareholders being offered a fair price and to Vipera's businesses being able to develop as part of the SOFP Group."

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 company news


Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit www.aciworldwide.comVisit info.nice.com

Top topics

Most viewed Most shared
Flux ready for take-off on Barclays Launchpad; scores trial with Costa CoffeeFlux ready for take-off on Barclays Launch...
10553 views comments | 4 tweets | 9 linkedin
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
9572 views comments | 18 tweets | 30 linkedin
PayPal ready to spend $3bn a year on acquisitionsPayPal ready to spend $3bn a year on acqui...
8113 views comments | 13 tweets | 17 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8109 views comments | 3 tweets | 1 linkedin
No greater change will occur than that in financial servicesNo greater change will occur than that in...
7662 views comments | 7 tweets | 13 linkedin

Featured job

Competitive base, double ote, benefits
New York City, NY - USA

Find your next job