Valens Holding AG
Ansprechpartner: Torben Elkjaer Pedersen
Tel.: +49 32 221 093 344


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Business news for the stock market

Valens Holding AG: Valens Holding AG to take-over ValensPay

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."

emitter: Valens Holding AG
Eschersheimer Landstrasse 42
60322 Frankfurt am Main
contact person: Torben Elkjaer Pedersen
phone: +49 32 221 093 344
stock exchanges: regulated market in Frankfurt
ISIN(s): DE000A2TSM88 (share)
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