Senjo completes acquisition of Kalixa
01 June 2017 | 1757 views | 0
GVC Holdings Plc, has sold Kalixa Payments Group and its subsidiaries, including Kalixa Accept Ltd, Kalixa Services GmbH and PXP Solutions Ltd to a privately held investment firm, Senjō Group Pte. Ltd.
The new ownership represents a great opportunity for the Kalixa Payments Group to strengthen the business and speed up its geographical expansion. It also provides the stability and long term support to enhance the payment platform and bring further innovative solutions to its customers and partners.
The deal to sell Kalixa was signed on 19th December 2016, but was still subject to a number of domestic and international regulatory approvals. These were obtained in the recent weeks and the deal has officially been completed on 31st May 2017.
The Senjō Group is a global FinTech investor and operator with a portfolio of around 19 fast-growing companies in payments, e-commerce, remittances, trading and factoring. Its strategy is to build a portfolio of high-growth companies that can leverage the convergence of technology and global payments.
“We look forward to working closely with Senjō Group to accelerate our business growth and expansion into the APAC region.” said Kamran Hedjri, Kalixa CEO. “Our innovative technology and expertise across the payment value chain combined with Senjō’s strong financial backing and know-how will help us build a global footprint and further disrupt the payment space.”