Finaro announces its acquisition by Shift4 for USD 575 mln

Wednesday 2 March 2022 10:52 CET | News

Cross-border payment provider Finaro has announced that it entered an agreement with fintech Shift4 for its acquisition in a deal worth USD 575 million.

The combined offering of both companies creates complimentary synergy of a global payments centre with card-present and card-not-present expertise across a range of verticals. Together, Finaro and Shift4 will be positioned to provide merchants with global omnichannel payments and stand alongside some of the players in the payments industry, including Adyen, Nuvei, and WorldPay.

The fintech’s company officials stated that this acquisition underscores their efforts to deliver a unified commerce experience across the world. This deal shows their ability to support existing transformational and global customers like SpaceX Starlink and St. Jude Children’s Research Hospital.

Finaro will provide the global infrastructure and cutting-edge technology needed to drive Shift4’s international objectives to deliver a unified commerce experience. With this integration, Shift4 will be able to expand the company’s current services, including its SkyTab POS solution, Shift4Shop ecommerce platform, and VenueNext stadium offering. Shift4 also has more than 425 software integrations and over 200,000 merchant customers, many of which have a multinational presence and provide immediate international opportunities that can now be unlocked as a result of this acquisition, according to the press release.

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Keywords: cross-border payments, acquisition, omnichannel, fintech, merchants, ecommerce
Categories: Payments & Commerce
Companies: Finaro, Shift4
Countries: World
This article is part of category

Payments & Commerce




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