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.”
ASYX maintains its branding, management and technical teams as it works with ApexPeak to integrate its technology and customer lists.
ASYX is ApexPeak’s second acquisition of 2015. In the first quarter they bought Cashnomix, a Dubai-based proprietary cloud-based credit scoring engine.
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