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UK-based mobile payments company SumUp announced on Tuesday it has acquired core banking solutions provider, Paysolut. Paysolut reported that it serves future unicorns of fintech by providing its mobile banking platform to run their businesses on. The company has already been working with SumUp for the past two years.

“We help to save money and launch faster by acting as the single vendor for the software, know-how, partnerships, and even an interim payments institution license.”

Paysolut revealed it will remain independent in terms of management, but will now have access to the added “muscle” of a company with three million customers in 32 global markets.


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The post UK Mobile Payments Company SumUp Acquires Core Banking Solutions Provider Paysolut appeared first on The Strawhecker Group.

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