GVC Holdings Plc, a supplier of B2B and B2C companies to the net gaming and sports activities betting markets, has offloaded its cost processing arm, Kalixa Funds Group, and its subsidiaries to a privately held funding agency, Senjō Group Pte. Ltd.
Kalixa Funds is GVC Holdings’ funds processor and service provider supplier of omni-channel funds. The acquisition follows on the heels of a previous settlement that was introduced again in December and that has now formally been tendered for $30.34 million. Consequently, Kalixa Funds and its subsidiaries, that embody Kalixa Settle for Ltd, Kalixa Companies GmbH, and PXP Options Ltd, shall be absorbed by Singapore-based fintech group Senjō Group Pte. Ltd.
The deal represents a brand new starting for Kalixa Funds, which can be capable to strengthen its personal enterprise and growth by way of a extra globalized method. Extra importantly, Senjō Group can even assist stabilize the corporate with its personal enterprise and long-term help with the intention of enhancing its cost platform and produce additional options to its prospects and companions.
Kalixa Funds at present has a core product group that features Kalixa Settle for, which allows retailers to just accept greater than 100 cost strategies and the PXP Fee Gateway. For its half, Senjō Group will look to fortify its personal portfolio with the addition of Kalixa Funds – the acquisition helps shore up its long-term objectives of securing high-growth corporations with the hopes of leveraging international funds capabilities.
“We stay up for working intently with Senjō Group to speed up our enterprise development and growth into the APAC area. Our revolutionary know-how and experience throughout the cost worth chain mixed with Senjō’s robust monetary backing and know-how will assist us construct a world footprint and additional disrupt the cost area,” defined Kamran Hedjri, Kalixa’s CEO, in an announcement relating to the sale.