Banked, a London, UK-based global Pay by Bank provider, acquired Waave, an Australian payment technology firm.
The amount of the deal was not disclosed.
This acquisition positions Banked at the forefront of Australia’s Pay by Bank market and establishes a strategic partnership with Chemist Warehouse, to deliver a Pay by Bank experience.
Led by CEO Brad Goodall, Waave is a provider of a real-time payments technology platform for companies, offering account-to-account payment capabilities securely and intuitively with a single solution. The company works with Chemist Warehouse, ShopBack, Epworth HealthCare, Harris Farm Markets, Temple & Webster, Baby Bunting, Eva Mattresses, Princess Polly, Oz Hair & Beauty, Pushas, and Mr Vitamins.
Led by CEO Jack Gance, Banked is a provider of a solution that delivers infrastructure to banks, financial technology platforms, and merchants to scale account-to-account payments globally. Its flagship product, Pay by Bank, is live in the US, Europe, the UK, and Australia, and is backed by financial institutions. The company operates globally with offices in Palo Alto, London, Melbourne, and Vilnius.
FinSMEs
11/10/2024