Moka United has acquired Affiniture Cards Ltd, a specialist in payment solutions, for an undisclosed amount. This corporate acquisition sees Moka United take full ownership of Affiniture Cards Ltd, which is the exclusive issuer of Diners Club payment products across the UK, Ireland, France, Belgium, and the Netherlands. Affiniture Cards Ltd is known for making payments easy for its customers, offering a comprehensive suite of traditional charge cards, travel, purchasing, and statement account solutions, with a strong focus on B2B statement accounts and innovative payment products.
The acquisition is strategically driven by Affiniture Cards Ltd’s advanced capabilities and market position. The company operates free from legacy system constraints, utilizing one of the industry's most modern account operating systems. This has enabled it to revolutionize the Diners Club International product set and develop unique solutions, including bespoke virtual card offerings and specialized payment services for the travel industry. Its established programmes, such as the statement account solution with Trainline.com, underscore its expertise in high-frequency, large-volume business-to-business transactions.
This integration is expected to create significant synergies for the combined entity. Moka United will gain Affiniture Cards Ltd’s modern payment infrastructure, its expertise in B2B payment solutions, and its established presence across multiple European markets. The synergy between Moka United and Affiniture Cards Ltd’s innovative product development in areas like virtual cards and specialized travel payments is poised to enhance the offerings available to businesses.
Looking forward, the acquisition positions the combined organization to deliver expanded and technologically advanced payment solutions. The unified entity aims to capitalize on Affiniture Cards Ltd’s agility and its capacity to meet evolving business payment needs, fostering growth and innovation within the competitive European payments landscape.