“VeUP has overtaken the product suite of M3 Payments, the UK-based FinTech company as a part of a multi-million-dollar growth strategy. M3 Payments was launched in 2015 to allow international money transfers and social interaction.”
VeUP has overtaken the product suite of M3 Payments, the UK-based FinTech company as a part of a multi-million-dollar growth strategy. VeUP is a growing global tech consultancy that helps Independent Software Vendors in the AWS ecosystem grow faster, and make more impact in the marketplace.
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It was launched in 2015 to allow international money transfers and social interaction. The company’s payment system enables customers to send funds securely and safely across the globe.
It has a presence in 123 countries offering payments in six currencies i.e. GBP, CHF, PLN, EUR, USD, and ZAR. The multi-currency card of M3 Payments helps pay online, at any ATM, or for store payment.
The acquisition occurred in the latest series of deals backed by VeUP’s €100 million growth fund. It has been done to strengthen AWS technology companies.
Mihai Ivascu, CEO, of M3 Payments, said, “We are delighted to pass the torch to VeUP, the company has the financial strength, global footprint, and expertise to take M3 Payments to the next phase of its development.”
VeUP offers bespoke services to ISVs or Independent Software Vendors working in the AWS ecosystem. The company gives tailored and effective consultancy under the supervision of AWS experts to ambitious companies looking to grow. Scott Young, special adviser, VeUP board said, “The FinTech market is constantly evolving and innovating. We are extremely impressed by this technology and product suite, providing seamless international money transfers at the touch of a button. This acquisition is the first of many in the FinTech space, which we believe presents a huge opportunity for our business.”
