Apptech has acquired Infinitus Payments for an undisclosed amount, significantly expanding its footprint in the financial technology sector. Infinitus Payments is a provider of innovative payment and financial services, offering tailored solutions to businesses seeking to optimize their flow of funds. This transaction represents a corporate acquisition, with Apptech purchasing Infinitus Payments to integrate its specialized capabilities.
Infinitus Payments offers a comprehensive suite of payment solutions designed for businesses. These include the issuance of corporate payment cards supporting SEPA and SWIFT transactions, as well as employee cards. The company also facilitates the acceptance and conversion of cryptocurrency into over 30 fiat currencies. Additional services include instant and secure cross-border payments, branded virtual and physical credit card solutions, and high-security API integrations for merchant e-wallets and e-banking services. Its focus lies in understanding business needs and delivering suitable, efficient payment solutions.
This acquisition is strategically aimed at enhancing Apptech's service portfolio and strengthening its position within the competitive financial technology landscape. By integrating Infinitus Payments’ established expertise and diverse payment offerings, Apptech gains a robust platform for expanding its own technological solutions. The synergy is expected to enable Apptech to provide more holistic and integrated payment processing capabilities to its client base, combining Apptech’s existing strengths with Infinitus’ specialized payment infrastructure and customer service approach.
The combination of Apptech and Infinitus Payments is anticipated to create a more formidable entity, capable of delivering advanced and seamless payment solutions across various business needs, from corporate transactions to merchant services. The unified entity aims to drive further innovation in payment processing, streamline financial operations for businesses, and broaden its market reach, ultimately providing enhanced value to a wider array of customers.