Singapore-based fin-tech company ApexPeak has acquired ASYX, a supply chain finance and collaboration solution provider from the Netherlands.
ApexPeak provides working capital to emerging market SMEs underserved by banks.
ASYX provides a secure, web-based supply chain finance platform to clients in a dozen countries. According to a release the acquisition gives ASYX the financial backing to pursue its growth strategy.
In return ApexPeak gains access to a financial services platform with a growing global network.
“Our acquisition of ASYX helps move ApexPeak one step closer to solving the procure-to-pay finance puzzle,” says Gakim Solomons, ApexPeak CEO. “This is a remarkable value-add acquisition which positions ApexPeak well for rapid short-term growth as well as creating long-term value for shareholders.”