Braintri and iCompass Merge To Go Global

 Braintri and iCompass Merge To Go Global
19.11.2018 10:04 am

Braintri and iCompass Merge To Go Global

M&A Deals

Braintri and iCompass, two leading Polish fintechs servicing the world's largest banks and payment institutions, have begun to merge and prepare a joint offer for the global financial sector. The merger will enable the two to further expand their products and reach out to foreign markets. Until the completion of the merger, both teams will operate under their existing brands. The plan is to rebrand.

As Poland is a leader in mobile banking, Polish fintechs contribute immensely to the global financial innovation. Braintri and iCompass each has an impressive track record of market achievements.

Braintri is involved in the development of mobile banking apps for the largest Polish banks, including the FTSE large cap banking giant PKO BP and the innovation pioneer, and mobility icon mBank. It helped establish Poland's non-card payment standard BLIK, now being used by 94% of the country's population. The company is currently implementing the national open banking standard. Braintri has also created Jiffee, a token-based mobile payment technology using Bluetooth, with numerous application options in IoT, smart city, access control and loyalty programs. Jiffee is co-financed by the EU. Biffee, a core banking system offloading engine, is another Braintri product with huge global potential.

iCompass provides software for major European banks, as well as for global payment organizations, including Mastercard Payment Transaction Services. The company is a technology provider for the first Polish mPOS platform, and the developer of the universal payment gateway Octopus Payment Hub.

"The partnership is a step forward in Braintri's strategy to enter global markets," said Wojciech Zatorski, Braintri's COO.

Following its merger with iCompass, Braintri will focus on three main product lines: mobile applications, big data solutions, and payments. In addition, it plans to further develop its insurtech competence. The geographical expansion will primarily be in the EU, the Middle East, Asia, and the US. Braintri has most recently entered the UAE market.

Related News

Banker’s Toolbox rebrands as Abrigo

Banker’s Toolbox, which acquired MainStreet Technologies (MST) and Sageworks in 2018, announced today that it is now Abrigo. 

The rebrand marks the next step in the high... Read more »

Royal HaskoningDHV acquires Lanner to strengthen its predictive simulation capabilities

Engineering and project management consultancy Royal HaskoningDHV has acquired Lanner, a UK-based hybrid software & consultancy firm specialising in predictive simulation... Read more »

Elavon completes acquisition of CenPOS

Elavon, a global payments provider and subsidiary of U.S. Bancorp, has acquired CenPOS, a Miami-based company offering integrated payment software solutions to large... Read more »

Meniga acquires Sweden-based fintech company Wrapp

London-based fintech company Meniga is buying Sweden-based peer Wrapp for an undisclosed amount as it eyes growth in the Nordic region, it said on Thursday. 

Meniga,... Read more »

La Banque Postale and Natixis announce Natixis’ acquisition of La Banque Postale’s 50% stake in Titres Cadeaux

Natixis today announces the acquisition of La Banque Postale’s 50% stake in Titres Cadeaux and becomes the... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App