📋 Tender Overview
Minsait Payments has acquired 100% of Pecunpay, a company focused on providing services to fintechs and neo-banks. With this transaction, Minsait Payments aims to strengthen its activity as a provider of payment technology services, while complementing its portfolio of solutions with Pecunpay’s assets and taking advantage of the synergies between the two companies to achieve greater efficiency and market share.
Pecunpay is a Spanish Electronic Money Institution (EDE), regulated by the Bank of Spain (“BdE”), with an issuing and acquiring license to operate throughout Europe. Minsait Payments already acquired other payments companies between 2018 and 2022, including Spain’s Afterbanks, Ecuador’s Credimatic and Chile’s Nexus, also supervised by the respective national regulators.
Pecunpay’s target market is oriented towards fintechs or neobanks, where it brings its own technological capacity, adapting to their needs and developing 100% customized products and services. Its value proposition is a great fit with Minsait Payments’ service offering and provides it with new capabilities so it can strengthen its activity in Spain and grow its business in the European market. Pecunpay’s customers, meanwhile, will be able to continue their operations without disruption and manage their payments business using Minsait Payments’ solutions, which meet the highest standards in the payments industry and generate significant operational synergies.
According to Javier Rey, Managing Director of Minsait Payments, “Pecunpay’s capabilities are a perfect fit with our business, which is focused on the integrated management of card payments, and open up new business opportunities that will allow us to expand rapidly in Europe. Combining Pecunpay’s operations with those of Minsait Payments will help us to offer an excellent service to our customers, increasing our capabilities in the issues and acquisitions business, and providing them with the most distinctive innovative elements in the sector.”
