Alchemy, a Melbourne, Australia-based company that operates in the circular technology market, acquired Australian mobile virtual network operator (MVNO) and Device-as-a-Service (DaaS) fintech numobile.
The amount of the deal was not disclosed.
The acquisition will now enable Alchemy to integrate numobile’s ’DaaS’ platform into its offer, and provide refreshed technology, through subscription plans, to businesses across the USA, UK, EU, and APAC.
The new service, to be known as nupay, will provide ‘DaaS’ and other financing options to make quality technology accessible for both businesses and consumers. As part of the service, devices can be returned at various stages of the subscription plan, meaning they can be resold or refurbished, and re-introduced into the subscription program pool.
Led by Silke Poortman, CEO, numobile works to give consumer electronic devices a new life while saving consumers money.
Led by CEO Walter Vicente, Alchemy is a global circular technology company which has traded over 4 million devicea through its technology that integrates every stage of the circular tech market, from trade-in to remarketing to businesses and consumers. It recovers devices directly from consumers through its partnerships with manufacturers, mobile carriers, and retailers, manages their trade-in programs, and facilitates the transactions from end to end, creating a transparent chain of custody. The company owns LoopMobile, an online retailer of used mobile phones – operating in major markets, including the United Kingdom, Europe, Australia, and the United States.
FinSMEs
07/09/2023