Nigerian Crypto Payments Gateway Fluidcoins Acquired by Seychelles Crypto Exchange – Africa
Nigerian crypto payments gateway Fluidcoins was recently purchased by Blockfinex for an undisclosed sum in a deal former CEO Lanre Adenowo described as a “sale deal.” Blockfinex reportedly said it will use the acquisition to launch its own platform called Blockpay.
Scaling Blockfinex’s crypto payment processing business
Nigerian crypto payment gateway Fluidcoins was recently acquired by Seychelles-registered crypto exchange firm Blockfinex for an undisclosed sum. According to a report by Techcabal, Blockfinex’s acquisition of 100% of the shares in the Nigerian firm came about 18 months after Fluidcoins’ last $150,000 capital raise.
Danny Oyekan, Blockfinex Founder and CEO reportedly commented on the acquisition facilitated by Dan Holdings Limited:
This acquisition was fueled by the decision to invest in the Wallet-as-a-service business and crypto payment processing and to scale it globally.
Blockfinex reportedly said it will use the acquisition to launch its own platform called Blockpay. Blockpay is not only payment processor and application programming interface (API) wallet-as-a-service provider, but will facilitate payments for existing Fluidcoins customers such as Accure, The Peer and Getequity, the report added.
Meanwhile, Fluidcoins CEO Lanre Adenowo is quoted as describing Blockfinex’s reported acquisition of his company as a “takeover deal” that will not result in management or workforce changes. The deal still allows Fluidcoins to continue operations.
According to the report, the acquisition deal includes all Nigerian crypto payment gateway companies, including Flip and Fluidshops.
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Source: Crypto News Deutsch
