Fiserv enhances its embedded finance solutions by closing the acquisition of Payfare
Fiserv, Inc., a leading global provider of payments and financial services technology solutions, announced it has completed its acquisition of Payfare Inc., a provider of program management solutions with a particular focus on new economy workforces. Payfare’s co-founders and employees are now part of the Fiserv team.
This acquisition complements Fiserv’s existing embedded financial solutions with card program management and a white-label consumer application. „Payfare’s offerings, combined with Fiserv’s strengths in processing, bank ledgers and integrated value-added services, provide a complete solution for embedded banking, payments and lending.” – the company said.
Pursuant to the plan of arrangement, the Purchaser acquired 48,287,259 Shares, then representing all of the issued and outstanding shares of Payfare, for a price of C$4.00 per share, or C$193,149,036 in the aggregate, according to the press release.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
