Equiti Group completes acquisition of Cloud Invest
By Leandra Monteiro
Equiti Group has announced its acquisition of Cloud Invest, a digital payment technology provider.
Equiti Group, CEO and Co-founder, Iskandar Najjar said, “As part of Equiti’s strategic expansion plans, we are excited to move into the digital payment and services space, allowing for operational efficiencies and new revenue segments. Synergies between both companies will allow for smooth integration into our Group.”
Chief Managing Director and Co-founder, Equiti Group, Mohamed Alahmad said, “This strategic acquisition marks a significant step towards expanding our capabilities in the digital payments sector. By leveraging Cloud Invest’s experience of over 10 years working with banks, financial institutions and partners such as Mastercard, Visa and Network International, Equiti aims to enhance our service offerings alongside Cloud Invest’s deep expertise in this sector.”
Chief Executive Officer of Cloud Invest, Otman Ayoujil said, “We are thrilled to join Equiti Group and look forward to jointly becoming a unicorn in the global fintech space.”
Equiti Group provides trading technology and services on the leading global trading platforms. The Group’s global footprint includes local offices in Europe, the UK, the Middle East, Africa, and the Asia Pacific region.
Cloud Invest specializes in transaction management and digital payment solutions. The company offers a comprehensive range of products and services that empower banks, retailers, micro-finance, and other industries to enable seamless customer payment services.
For account holders, Cloud Invest offers a variety of ways to engage in digital payment experiences. Cloud Invest ensures a seamless and secure payment process across multiple channels, whether through mobile devices, web platforms, self-service kiosks, point-of-sale (POS) systems, or ATMs.
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