Singapore-headquartered FinTech investor Senjo Group, has successfully completed the acquisition of Kalixa Group, the payment processing arm of GVC Holdings — an online gaming, and sports betting company. It has taken over the subsidiaries of the group as well, including Kalixa Accept Ltd, Kalixa Services GmbH, and PXP Solutions Ltd.
Initially the deal was signed in December, but it was subject to a number of domestic and international regulatory approvals. Having obtained the approvals in recent weeks, the deal got officially closed yesterday (31st May).
Kalixa Payments Group provides merchants of all sizes with omni-channel payments from one supplier. It helps the customers by reducing costs, eliminating complexity, boosting operational efficiencies, creating new revenue streams and delivering a seamless, intelligent and frictionless payments experience across multiple channels. It has a market of over 100 countries across the world, and has a team of more than 150 employees. Kalixa has offices in the UK, India, Austria, Bulgaria, and the US.
This transaction worth $30.34 million will enable the Kalixa Payments Group to strengthen their business and accelerate geographical expansion. The acquisition by Senjo will provide it with stability and long-term support to enhance the payment platform and bring further innovative solutions to its customers and partners. Kamran Hedjri, Kalixa CEO, in an official statement comments,
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.
On the other hand, Senjo Group, the leading privately-held payments platform operator, will receive a significant bridgehead in Europe supported by the strong Kalixa management team. Gavin Lock, Chief Operation Officer, Senjo, in a statement earlier, had said,
The acquisition of Kalixa fits well within Senjō Group’s strategy of building out a global payments ecosystem. We believe Kalixa will be complementary to our existing portfolio of payments businesses around the world and will create a combined group that leverages the best of both companies.
It had also taken over Lithuanian payment institution Finolita Unio with an aim to gain enhanced access to the European payments system via Lithuania.
Senjo envisions to build a portfolio of high-growth companies that can leverage the convergence of technology and global payments. It currently boasts of a portfolio of about 19 fast-growing companies in payments, e-commerce, remittances, trading, and factoring.
