Anti-fraud company Mi-Pay acquired by Alphacomm

Tuesday 25 February 2020 11:27 CET | News

The Netherlands-based financial technology (fintech) company Alphacomm has acquired the activities of AIM-listed Mi-Pay.

Anti-fraud payment tech provider Mi-Pay has developed its presence in the UK and Ireland, having offices in London and Romania. This gives Alphacomm access to a development centre in Romania with over 30 developers and customer support managers.

As per TelecomPaper, Mi-Pay provides Cynic, an anti-fraud product, and its customers include telecoms companies 3 Ireland and Sure. The acquisition will have Alphacomm to have a stronger foothold in Europe, as well as facilitated investment capabilities.

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Keywords: Alphacomm, acquisition, anti-fraud payments, Mi-Pay, The Netherlands, UK, Romania, fintech, investment
Categories: Fraud & Financial Crime
Countries: Netherlands, Romania, United Kingdom
This article is part of category

Fraud & Financial Crime

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