London FinTech SumUp has acquired Lithuanian core banking business, Paysolut.
In Brief:
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SumUp has worked with Paysolut for the past two years.
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The pricetag of the acquisition has not been disclosed.
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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.
