back Back

Shift4 forays into European market with Finaro acquisition

By Gloria Methri

October 27, 2023

  • Card Technology
  • Cross Border e-commerce Platform
  • Digital Integrated Payments Hub
Share

Shift4, Cross Border E-Commerce Payments, Finaro, FinTech Acquisition, Payment Technology, EuropeShift4, a specialist in integrated payments and commerce technology, has completed its acquisition of Finaro, a cross-border e-commerce payments provider with a large European presence. The acquisition significantly expands Shift4’s total addressable market both in terms of geographic coverage and industry verticals.

Finaro, which is a fully licensed bank, will provide the global infrastructure and technology needed to drive Shift4’s international expansion into Europe and beyond. In addition to expanding Shift4’s geographic footprint, the acquisition will enhance the company’s cross-border e-commerce capabilities to deliver a unified global payments platform for merchants and partners around the world.

“Finaro is highly complementary to Shift4 in terms of geographic coverage, capabilities, and addressable markets. It also empowers us to follow our existing strategic customers into new markets which represents a significant opportunity,” stated Shift4 CEO Jared Isaacman. “By coupling Shift4’s card-present solutions with Finaro’s strengths in cross-border e-commerce, the combined organization offers a truly unified commerce experience that can compete with the biggest payments companies in the world.”

This acquisition not only augments Shift4’s e-commerce offering but will also enable Shift4 to soon offer its card-present technology across Europe – including the company’s SkyTab restaurant point-of-sale system and VenueNext stadium solution.

Additionally, Shift4 has more than 500 software integrations and over 200,000 merchant customers, many of which have a multinational presence and provide immediate international opportunities that can now be unlocked because of this acquisition.

Igal Rotem, CEO of Finaro said, “Having led the business from early on, I am proud of how significantly we have grown Finaro over the past decade and thrilled to see the completion of this acquisition. I am confident that Finaro’s best-in-class technology, talent, and capabilities will successfully merge into Shift4 and enable the combined organization to become a global leader in the payments space.”

Finaro will soon rebrand as Shift4 to operate under a single brand reflecting the company’s unified global payments platform.

Previous Article

October 27, 2023

HubPay launches FX hub to boost Africa-UAE cross border trade

Read More
Next Article

October 27, 2023

Nium launches Global FX to solve risk of currency fluctuations & cash flows

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Card Technology

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Coast raises $40m Series B to boost modern fleet payments

Read More

Today

Digital wallet Kuady opens office in Bulgaria

Read More

Today

FinTech Dopay secures $13.5m to expand digital payroll platform

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024