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Ep427: Shift4 acquires Finaro in a complementary PayTech deal
Published 4 years ago
Description
Igal Rotem, Chief Executive Officer, Finaro
Payments’ provider Finaro is being acquired by Shift4 in a deal valuing the company at $575 million. The takeover follows just a few short months after a rebranding exercise in which Finaro became the new name for Credorax. Together, Shift4 and Finaro are leading players in both card-present and card-not-present experience across a range of verticals. Not content with these headlines, Finaro committed in January, in concert with GoTo and Mastercard, to the planting of 1 million trees by 2025. Robin Amlôt of IBS Intelligence quizzed Igal Rotem, CEO of Finaro about these developments, beginning with the takeover by Shift4.