6G Digital Private Limited, a Swedish cloud-based integrated digital ecosystem, has acquired a 25% stake in Singaporean fintech FlexM in a deal valued at US$ 12.5 million with potential talks of a full takeover by 2024.
Operating in six countries with Rune Wahl Nilsson leading the firm as CEO, FlexM owns and operates a proprietary Fintech as a Service (FaaS) platform that provides its clients and users with modern and digital alternatives to banking and payments.
The company offers modular products and services, through a set of software technologies, API libraries and plugins that enable businesses to launch and manage their own brand fintech / digital banking use-cases.
The acquisition aims to combine 6G Digital’s global reach and resources with FlexM’s innovative technology and market expertise.
“The strategic acquisition of Flex M shares will strengthen 6G Digital to challenge the banking and money transfer industry across 6 continents. Our goal is to offer affordable, state-of-the-art mobile financial services around the world,”
said M.A. Zaman, Chairman of 6G Digital.
Featured image credit: Edited from Freepik
