14 September 2020

Change Financial to buy Wirecard’s ANZ business  

Written By FinTech Alliance

Change Financial to buy Wirecard’s ANZ business  

ASX listed FinTech Change Financial is buying two Wirecard business units in Australia and New Zealand.  

In Brief:  

  • Wirecard NZ and Wirecard Australia were two subsidiaries of the German group that collapsed into insolvency earlier this year.  

  • Change Financial is a Banking-as-a-Service (BaaS) FinTech.  

  • It will acquire the two businesses for $7.8mn.  

What does this mean? 

Change Financial expects to gain scale from the acquisition which will add 120 customers and capability in over 35 countries.  

Read more here.  

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