CreditPilot Sets a Footprint in Frankfurt by Acquiring a Majority Stake in German Payment Services Technology Company iPSP.de

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Credit PIlot PLC aquires a majority stake in it's long-time acquiring technology partner iPSP.de GmbH

CreditPilot, a financial technology company specializing in digital and mobile financial services, transactional and payment infrastructure, announces the acquisition of 91% shares in iPSP.de GmbH, a Frankfurt-based online acquiring services provider and financial technology developer, in a share-swap deal.

Founded in 2011, iPSP.de GmbH offers online payment acquiring, card payout and other processing-related services to online merchants and mobile application developers. The company also provides access to its platforms under the “managed SaaS” model. iPSP.de GmbH have been CreditPilot’s acquiring technology partner since 2017.

Commenting on the deal, Mr. Kyrillos Akritides, CreditPilot’s CEO said, “After more than 2 years of mutually beneficial cooperation, and with many of iPSP’s software already a part of CreditPilot’s A2A flagship financial technology suite, I welcome this new stage of our partnership”.

About CreditPilot:
CreditPilot is a European financial technology company specializing in digital and mobile financial services, transactional and payment infrastructure. The company champions financial inclusion and equal access to financial services for all people, regardless of location and income. In 2018, CreditPilot’s various platforms, developed, owned or operated by the company and/or its affiliates or licensees, have processed approximately €2.7 billion worth of transactions. CreditPilot is a full member of ITU, United Nations’ telecommunications regulatory body, and active participant of ITU’s Financial Inclusion Global Initiative (FIGI).

CreditPilot’s flagship product for non-financial consumer-facing businesses is A2A (Any2Any), a digital payment ecosystem, that enables mobile network operators and retail businesses to provide mobile financial services and digital financial services to their customers. A2A is available through various mobile operators to almost 100 million people across the world as of June 2019. To know more about CreditPilot, visit us on http://www.creditpilot.com, and follow us on Twitter at @CreditPilot.

For further information, contact:
CreditPilot PLC:
Lilian Waceke Tel.: +357 25 080000 | Email: Lilian.Waceke@creditpilot.com

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Lilian Waceke
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