The payment platform colombian EBANX announced on December 15, 2021 that it has acquired the Brazilian company Remessa Online for 229 million dollars, as announced in a press release to Cointelegraph Español.
With this acquisition, the fintech EBANX expanded its portfolio and shortened the path to establish itself as one of the largest payments companies in Latin America, managing to reinforce cross-border services in the region.
“We are joining forces to provide a better service to merchants and consumers, consolidating our experience and presence in the region. The digital and financial inclusion that we are seeing right now in Latin america it will not slow down, it will continue to advance and play a leading role in accelerating digital markets and the payments ecosystem in the region ”. commented Joao del Valle, co-founder and CEO of EBANX.
The company Brazilian Remessa Online founded in 2016, has a presence in more than 100 countries thanks to the incorporation of blockchain technology in its cross-border payment connection that has benefited more than 350 thousand people.
The agreement reached between the two parties establishes that the founders of the company Remessa Online continue to lead the new EBANX remittance division, ensuring that they will now have a much larger number of clients before the acquisition.
Although they also announced that the online conversion process will continue with the partnership with Nubank, a partnership that they recently established with one of the largest digital banks in the world.
“Everything that Remesa Online has built during its first five years is focused on providing the best solutions for clients who want to operate internationally, whether they are people or companies of all sizes, within a service that combines transparency, efficiency and an understanding real of their needs ”commented Fernando Pavini, founder and CEO of Remesa Online.
With this new acquisition, EBANX’s capacity for medium-term growth would be strengthened, as they should also open new frontiers for a long international expansion of the platform.
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