Fintech News Singapore
April 2, 2024
6G Digital Private Limited, the Swedish cloud-based integrated digital ecosystem, acquires a 25% stake in Singapore fintech FlexM in a deal valued at USD 12.5 million, with potential full acquisition negotiations by 2024 There is.
rune waal nilsson
Led by Rune Waal Nilsson as CEO and operating in six countries, FlexM is a unique Fintech as a Service offering customers and users a modern digital alternative to banking and payments. (FaaS) platform.
The company offers modular products and services through a suite of software technologies, API libraries, and plugins that enable enterprises to launch and manage their own branded fintech/digital banking use cases.
The acquisition aims to combine 6G Digital’s global reach and resources with FlexM’s innovative technology and market expertise.
“Our strategic acquisition of Flex M stock strengthens 6G Digital and enables us to challenge the banking and money transfer industry across six continents. Our goal is to deliver affordable, cutting-edge mobile financial services around the world. to provide.”
MA Zaman, Chairman of 6G Digital, said:
Featured image credit: Edited from Freepik
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