ePassi secures EUR 41.5 mln growth investment

Monday 30 September 2019 11:04 CET | News

ePassi, a Finland-based mobile payments company, has received an EUR 41.5 million investment from Bregal Milestone and Risto Siilasmaa’s First Fellow Partners.

The two investors are together pouring EUR 41.5 million into ePassi via an equity funded transaction. The investment by Bregal Milestone is the fifth out of the EUR 400 million fund and marks the second transaction in Finland in 2019.

ePassi has expanded into corporate benefit and mobile wallet solutions, and has signed a number of partnerships with international players, including Alipay and WeChat.

The transaction is expected to complete during Q4 2019 and is subject to approval by regulatory authorities.

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Keywords: ePassi, mobile payments, Finland, growth investment, Bregal Milestone, Risto Siilasmaas First Fellow Partners
Countries: World