Ant Group Close to Acquiring Dutch Payments Firm MultiSafepay for US$200 Million
by Fintech News Hong Kong January 9, 2024Ant Group, an affiliate of Alibaba Group, is in advanced negotiations to acquire Dutch payment company MultiSafepay.
The deal, pending regulatory approval, is estimated to value MultiSafepay at approximately US$200 million according to a source.
MultiSafepay, founded in 1999, specialises in payment acquiring and processing services and is currently serving over 18,000 small and medium-sized businesses across various regions, including offices in Spain and Germany.
This acquisition marks another step in the strategy of Ant Group to enhance its global payment network, following previous acquisitions such as Singapore-based 2C2P in 2022 and British firm WorldFirst in 2019.
Featured image credit: Edited from Freepik
