VeUP, a company providing tailored consultancy services to ambitious businesses looking for growth in the Amazon Web Services ecosystem, has acquired the technology suite of M3 Payments. The innovative fintech company provides an app enabling international money transfers alongside social interaction, and the acquisition is part of VeUP’s plan to empower AWS technology companies using its €100 million growth fund. M3 Payments’ multi-currency card can be used in 123 countries with six available currencies, providing a seamless way to pay online, pay in stores, and at any ATM. VeUP has recently opened offices in the UK and the US and has hired AWS veteran James Campanini as its CEO to oversee the company’s expansion. Campanini previously served as Head of Channels and Alliances, UK&I at AWS. The acquisition of M3 Payments is the first of many in the fintech space, which VeUP believes presents a huge opportunity for its business.
VeUP, a company providing bespoke services to Independent Software Vendors (ISVs) in the Amazon Web Services (AWS) ecosystem, has acquired M3 Payments technology suite. M3 Payments is a fintech company that provides an innovative app enabling international money transfers alongside social interaction. VeUP’s €100 million growth fund, launched earlier this year, has been used to fund the acquisition. M3 Payments multi-currency card can be used to pay online, pay in stores, and at any ATM, covering 123 countries with six currencies available: EUR, USD, GBP, CHF, PLN, and ZAR.
VeUP, which has recently opened offices in the UK and the US, has hired AWS veteran James Campanini as its CEO to oversee the company’s expansion. Campanini has previously served as Head of Channels and Alliances, UK&I at AWS. The acquisition of M3 Payments is the first of many in the fintech space, which VeUP believes presents a huge opportunity for its business.
Mihai Ivascu, CEO of M3 Payments, expressed his delight in passing the torch to VeUP, stating that the company has the financial strength, global footprint, and expertise to take M3 Payments to the next phase of its development. Scott Young, a special adviser on VeUP’s board, is extremely impressed by M3 Payments technology and product suite, providing seamless international money transfers at the touch of a button.
VeUP’s acquisition of M3 Payments technology suite is funded by VeUP’s €100 million growth fund launched earlier this year. VeUP has recently opened offices in the UK and the US, and James Campanini has been appointed as its CEO to oversee the company’s expansion. VeUP provides tailored consultancy to ambitious businesses looking for growth.
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