Leading banking data aggregation platform Credfin acquires payments platform Squarepay
Banking data aggregation platform Credfin have announced that earlier this week they acquired Squarepay, a leading payments platform that has been supporting fintech and digital finance companies for the best part of 10 years.
When Credfin began talks with Squarepay not only did the cultures of the two teams align but they established very quickly that they shared a common mission – to provide a simple API that empowers, enables and supports fintechs and digital finance companies to build innovative financial products.
Brent Wardlaw, the Founder and CEO of Squarepay, who will slide into a role at Credfin, said, “The Credfin acquisition could not come at a better time. With the momentum and adoption of the Consumer Data Right coupled with bank account and payment innovations – I’m excited with the vision and direction the platform is taking. We are thrilled about this deal and what it means for Credfin as we look to expand our network across Australia. We can offer even more to our customers, by using accurate, verified and consent driven data and payment solutions.”
Garreth Cain, CTO & Founder of Credfin, had this to say about the deal, “The whole team is excited to partner with Squarepay to accelerate our path to modernising the financial ecosystem in Australia. Squarepay has a strong history of creating value in the payments sector and we’re excited at what Credfin will achieve with their experience and skills. The next few years are going to be very exciting!”