GVC Holdings Plc, a provider of B2B and B2C services to the online gaming and sports betting markets, has offloaded its payment processing arm, Kalixa Payments Group, and its subsidiaries to a privately held investment firm, Senjō Group Pte. Ltd.
Kalixa Payments is GVC Holdings’ payments processor and merchant provider of omni-channel payments. The acquisition follows on the heels of a past agreement that was announced back in December and that has now officially been tendered for $30.34 million. Consequently, Kalixa Payments and its subsidiaries, that include Kalixa Accept Ltd, Kalixa Services GmbH, and PXP Solutions Ltd, will be absorbed by Singapore-based fintech group Senjō Group Pte. Ltd.
Separating Yourself From the Pack in a Mature FX IndustryGo to article >>
The deal represents a new beginning for Kalixa Payments, which will be able to strengthen its own business and expansion via a more globalized approach. More importantly, Senjō Group will also help stabilize the company with its own business and long-term support with the aim of enhancing its payment platform and bring further solutions to its customers and partners.
Kalixa Payments currently has a core product group that includes Kalixa Accept, which enables merchants to accept more than 100 payment methods and the PXP Payment Gateway. For its part, Senjō Group will look to fortify its own portfolio with the addition of Kalixa Payments – the acquisition helps shore up its long-term goals of securing high-growth companies with the hopes of leveraging global payments capabilities.
“We look forward to working closely with Senjō Group to accelerate our business growth and expansion into the APAC region. Our innovative technology and expertise across the payment value chain combined with Senjō’s strong financial backing and know-how will help us build a global footprint and further disrupt the payment space,” explained Kamran Hedjri, Kalixa’s CEO, in a statement regarding the sale.