Frankfurt am Main (pta036/25.03.2020/20:15) - Valens Holding AG is pleased to announce its acquisition of ValensPay Ltd., a UK licensed financial services provider located in London offering banking services.
ValensPay Ltd. has its own banking service platform with Apps available in Apple's AppStore and GooglePlay as well as web-banking. The company's strategy is to grow by offering its banking system through a white label solution. This has many competitive advantages, in particular, a significantly less expensive route to client acquisition. Focusing on this route enables existing and trusted providers to increase their service offering to clients whilst building a loyal customer base.
A key driver for success is the short timeline to a fully functional, white labelled banking system within 8 weeks.
Torben Pedersen, Director of Valens Holding AG said, "This acquisition should create significant value for the shareholders of Valens Holding AG as we expect this business to generate substantial revenue and clients within a short period of time. Best of all, this puts us on right on the map as a key player in the future of Fintech."(end)