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  5. Terrapay Acquires VFX Financial

M&A Deal Summary

Terrapay Acquires VFX Financial

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

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

M&A Deal Summary
Date 2016-08-29
Target VFX Financial
Sector Internet Software and Services
Buyer(s) Terrapay
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1
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