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CreditPilot acquires 100% of Ipsp.de GmbH shares, becoming the company’s sole shareholder

CreditPilot, a financial technology company specializing in digital and mobile financial services, transactional and payment infrastructures, announces the acquisition of 100% 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 has 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 infrastructure, we are excited to move to the next stage.”

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 www.creditpilot.com, and follow us on Twitter at @CreditPilot.