Finom, a Dutch FinTech, has acquired UK business Kapaga.
Kapaga enables cross-border payments for businesses.
Finom is an Amsterdam-based SME banking provider.
It has acquired Kapaga in a deal worth over £10mn.
What does this mean?
Finom, which operates across Holland, France, Italy and Germany aims to offer SMEs banking accounts with invoicing offerings and will now expand into the UK market.