MILAN, May 25 (Class Editori) — Matica Fintec is expanding into the US and the East. The innovative SME signed a binding contract to acquire from the Japanese Ai Holdings Corporation the entire share capital of Card Technologies Corporation (CTC), a US-registered company, which in turn owns 100% of Ubiq.
"We are happy to welcome to Piazza Affari and Matica Fintec a prestigious Japanese Group listed on the Tokyo Stock Exchange. Thanks to these acquisitions our company integrates EMV Payment System Software, E-Wallet and SW for digital ID into its solutions, expending in the US at the same time. The acquisition of the two companies specialized in the Digital ID and Banking sectors is indeed part of our strategic plan of growth through acquisitions and it confirms our propensity to evolve dynamically, particularly at the international level," Sandro Camilleri, CEO of Matica Fintec, explained. "This operation paves the way to new development prospects for Matica Fintec, integrating the value chain and completing the company's range of offerings in terms of Hardware and Software for the Digital ID and Banking sectors, by enriching it with high-tech products, including a new Mobile Payment solution".
In turn, Hideyoshi Sasaki, CEO of Ai Holding Corporation, emphasized his satisfaction to enter as shareholders in Matica Fintec's capital. The cash import amounting to 1.5 million dollars will be financed through equity and 5% of the shares existing to date in Matica Fintec will be paid, partly with treasury shares and partly with newly issued shares.
The acquisition of the companies completes Matica Fintec's range of offerings, enabling it to offer a Hardware & Software bundle solution for its target sectors i.e., Digital ID and Banking. This, on the one hand, enables to integrate a relevant part of the value chain and, on the other hand, creates a turnkey offer, able to build customer loyalty to the world of Matica Fintec technologies. In addition, the availability of a Mobile Payment solution, which is in the process of certification by Europay Mastercard Visa (EMV), will further expand the portfolio of offerings in Matica Fintec’s banking sector. (All rights reserved)
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