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Gallant Capital buys Fime & UL Solutions’ payments testing business

By Gloria Methri

May 08, 2024

  • Acquisition News
  • Digital ID
  • Europe
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GallantFime, UL Solutions, Gallant Capital, FinTech, Payments Testing, Digital ID, Acquisition news, Europe, USA, Middle East, Capital Partners has acquired Fime and UL Solutions’ payments testing business, combining the technical capabilities and expertise of both businesses under the Fime brand.

Stakeholders in payments, smart mobility and digital ID can now access a complete set of consultancy and testing services via Fime while enabling cost and time savings.

Lionel Grosclaude, CEO at Fime, said, “The convergence of payments, smart mobility and identity is reshaping our connected world. The unique and comprehensive set of consultants and experts at the combined company further cements Fime as a global leader. Through the partnership with Gallant Capital that enabled the combination, Fime expanded its business and technical consultancy capabilities. This broadened product and service portfolio will allow the company to guide any project from ideation and implementation through testing and ultimately to a successful launch.”

The combination greatly expands Fime’s geographical reach, offering global expertise on a local scale. Stakeholders can access business and technical consultancy, as well as compliance and quality assurance testing services in over 19 countries across each major region: North & South America, Europe, the Middle East, Africa, India, and Asia/Pacific.

Fime’s improved flexibility and reach enables more innovation in testing and increased agility to respond to trends like open banking, instant payments, central bank digital currencies (CBDCs), digital wallets, open payments, and digital identity.

Jon Gimbel, Partner at Gallant, added, “Fime has extensive experience in enabling the creation and adoption of innovative products and solutions. By combining these businesses, Fime will unlock new opportunities across a broad set of markets. We are excited to partner with Lionel and the Fime team to drive the Company’s accelerated growth during this next stage.”

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