DCS Innov acquires HolyWally to expand global footprint

By Gloria Mathias

DCS Innov, a subsidiary of DCS Fintech Holdings, has announced the acquisition of HolyWally, a wallet-as-a-service (WaaS) platform provider. This move marks a milestone in DCS Innov’s global expansion plans, particularly into the US and European markets.

With the acquisition, DCS Innov will be able to expand InstaWally globally and provide a WaaS solution that allows companies to offer the same payment experience to their end users worldwide, all within a single app.

DCS Innov will harness HolyWally’s existing global clientele to forge affiliate arrangements that support the essential payment services offered within InstaWally across multiple geographies.

Within the year, InstaWally is expected to be sales-ready in the US, UK, Europe and Japan, where HolyWally has established partnerships with the likes of Zenus Bank, Monavate and FinMirai, respectively.

Ceridwen Choo, CEO of DCS Innov, said, “The acquisition of HolyWally marks a significant leap forward for DCS Innov’s ambition to support fintech enablement globally. Payments connect businesses and consumers across the world. It is doubtless to expect payment services to be increasingly available and consumed within mobile apps; I am, therefore, very confident that the combined expertise and assets of both entities will spur immediate growth and drive efficiencies in delivering relevant payment solutions that are quick-to-launch and scale for our clients. The acquisition is also just in time for us to incorporate a flavour of HolyWally into the launch of our WaaS solution, InstaWally.”

Veljko Vasic, Co-Founder and CEO of HolyWally, will join DCS Innov as Chief Commercial Officer. HolyWally’s core team of developers will become an integral part of the DCS Innov team.

“For the past three years, HolyWally has established its presence as a revolutionary e-wallet provider for clients across the US, Europe, and Singapore. We share DCS Innov’s vision of providing fintechs, brands and retailers with a comprehensive and adaptable platform that avails payment services to their end users. By bringing the strengths of both teams under a single entity, we will be able to scale resources effectively to take our solution into global markets at speed,” added Veljko Vasic, Co-Founder and CEO of HolyWally.

In the future, DCS Innov will leverage the acquisition of HolyWally to establish itself as a global provider of wallet-as-a-service and cards-as-a-service for fintechs and any non-finance-related companies to access payment services.