London FinTech SumUp has acquired Lithuanian core banking business, Paysolut.
In Brief:
SumUp has worked with Paysolut for the past two years.
The pricetag of the acquisition has not been disclosed.
Paysolut develops core banking solutions to help businesses grow.
What does this mean?
The acquisition of Paysolut means SumUp can offer more high-quality banking solutions to its customers, which include many small businesses. Paysolut will be able to expand its team and offer a wider range of products.
