Deal Snapshot
FAIRFX GROUP TO ACQUIRE DIGITAL BANKING PLATFORM OPERATOR CARDONE FOR GBP 15M
Friday 11 August 2017

UK-based online international payment services provider FairFX Group plc (AIM: FFX) plans to acquire UK-based digital banking platform operator CardOne for a consideration of GBP 15m, the company said. CardOne is an independent, FCA authorised group that has been providing banking platforms and money management tools since 2007.
It provides current accounts and a digital banking platform, not only for personal account customers, but also to SMEs. With efficient KYC and AML checking processes, accounts can typically be opened far more quickly than the high street banks.


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Details
Date Published: 11/08/2017
Target: CardOne
Country: UK
Deal Size: 19.48m (USD)
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor:
Buyer: FairFX Group
Comment:


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