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M&A Deal Summary

PayMate Acquires DigiAsia

On September 24, 2024, PayMate acquired financial services company DigiAsia for 400M USD

Acquisition Highlights
  • This is PayMate’s 1st transaction in the Financial Services sector.
  • This is PayMate’s largest (disclosed) transaction.
  • This is PayMate’s 1st transaction in Singapore.

M&A Deal Summary
Date 2024-09-24
Target DigiAsia
Sector Financial Services
Buyer(s) PayMate
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

DigiAsia

Singapore, Singapore
DigiAsia is a Fintech as a Service (FaaS) provider operating a B2B2X model offering its complete Fintech solution in emerging markets. DigiAsia was founded in 2017 and is based in Singapore.

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Buyer(S) 1

Buyer

PayMate

West Mumbai, India
Category Company
Sector Internet Software and Services
DESCRIPTION

PayMate is a provider in B2B payments for enterprise and SME across supply chains. The PayMate platform provides a comprehensive digital workflow tied to payments which enable greater control and transparency along with better cash flows and an end to end reconciliation for a superior experience for enterprise and SME in closed-loop supply chains. PayMate is based in West Mumbai, India.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
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