26 May 2017
Find out more

Tuxedo Money Solutions gets new owners

24 April 2017  |  2784 views  |  0 Source: Tuxedo Money Solutions

Global FinTech and Payment Solutions Provider, Tuxedo Money Solutions Ltd, has announced that it has new 100 per cent owners in Erik Fällström and Andreas H Tuczka, of Aldridge EDC Specialty Finance Partners ("AEDC"). The deal completed on 20th April, following the approval of the FCA.

Former co-founder of HOIST Finance, Erik Fällström, and former partner at Lone Star Europe, Andreas Tuczka, will support Tuxedo CEO John Sharman in delivering the company’s ambitious growth plans across Europe and beyond.

With extensive experience within financial services, the new investors will help to drive Tuxedo’s diversification and growth on four fronts;
1. Customised, white label card and payment programmes
2. PayTech platform solutions, centred around Tuxedo’s new Liveload® technology
3. Alternative Banking services
4. Expansion into the consumer credit market

John Sharman comments: “Tuxedo has major growth plans within the PayTech and Financial Services sectors, in Europe and beyond, and our new investors are key to helping us achieve this growth. The sector knowledge, experience and relationships that Erik and Andreas bring will open up new and significant opportunities for the business, while providing the strategic direction, insight and senior guidance required to deliver our ambitious growth plans.” 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsvisit www.events.sap.comvisit dh.com

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
11163 views comments | 48 tweets | 72 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
9351 views comments | 21 tweets | 24 linkedin
Bank/fintech collaboration can take transaction banking to new heightsBank/fintech collaboration can take transa...
7090 views comments | 12 tweets | 24 linkedin
Security experts struggle in search for WannaCry clues - ReutersSecurity experts struggle in search for Wa...
6424 views comments | 3 tweets | 3 linkedin
hands typing furiouslyPSD2 is fast approaching. Don’t bury your...
6214 views 1 | 5 tweets | 5 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job