Add-on Acquisition • Internet Software and Services

Terrapay Acquires VFX Financial

On August 29, 2016, Terrapay acquired internet software and services company VFX Financial

Acquisition Context

This is Terrapay’s 1st transaction in the Internet Software and Services sector.
This is Terrapay’s 1st transaction in the United Kingdom.

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M&A Deal Summary
Date	August 29, 2016
Target	VFX Financial
Sector	Internet Software and Services
Buyer(s)	Terrapay
Deal Type	Add-on Acquisition

Target Company

VFX Financial

London, United Kingdom

VFX Financial PLC (Pay2Global) is a regulated digital international money transfer company with passporting rights into the European Economic Area (EEA).

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Buyer Overview 1

Buyer

Terrapay

London, United Kingdom

Category	Company
Sector	Internet Software and Services

DESCRIPTION

Terrapay is a mobile-first international payment network. Terrapay provides mobile wallet service providers, money transfer operators, banks and payment platforms to create a one network for secure and seamless transnational movement of funds. Terrapay is based in London, United Kingdom.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Internet Software and Services	1 of 1
Type: Add-on Acquisition	1 of 1
Country: United Kingdom	1 of 1
Year: 2016	1 of 1

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