Bankable, a leading Banking-as-a-Service (BaaS) provider, has announced the acquisition of Arex Markets. This move positions Bankable to incorporate credit and working capital into the payment flows of established neobanks, fintech platforms, and multinational brands. The acquisition marks a major milestone in Bankable’s growth strategy and will enable the firm to expand its existing API-first digital platform. With extensive investor partnerships, the company now plans to offer its customers unlimited working capital matched with a relevant client portfolio.
Details of the Acquisition
Bankable did not disclose the financial terms of the deal, but it is evident that the acquisition will bring significant benefits to both firms and create new revenue streams. Eric Mouilleron, CEO of Bankable, said, “the acquisition will lead to the richest BaaS offer for premium clients with clear multi-country ambitions.” Bankable is planning to incorporate working capital into its existing digital platform while leveraging the expertise and talent of Arex Markets to provide more comprehensive services to its clients. This move will enable Bankable’s clients to streamline payments and access working capital in a faster and more efficient manner.
Benefits of the Acquisition
The acquisition of Arex Markets strategically positions Bankable to offer a range of financial products and services to its clients. By integrating credit and working capital into payment flows, the company will be able to offer unlimited working capital to its clients with relevant customer portfolios. Early use cases include offering working capital support on supplier payments to B2B wholesale travel sector companies. The firm is also planning to support pan-European scale-up fintechs and neobanks in building new revenues from credit cards. Additionally, Bankable plans to work with global consumer brands to establish a single payment solution tailored to their needs. By doing so, Bankable aims to streamline payment flows, reduce costs, and improve efficiency across multiple jurisdictions.
Expectations of the Acquisition
The acquisition of Arex Markets is expected to bring significant benefits to both firms and create new revenue streams. Specifically, Bankable aims to provide its clients with a more comprehensive suite of products and services while leveraging the expertise and talent of Arex Markets. The acquisition is also expected to create new opportunities for both firms to expand into new markets and customer segments. With a combined focus on technology and innovation, Bankable and Arex Markets are well positioned to create unique value propositions that will differentiate them from competitors. The acquisition of Arex Markets by Bankable represents a significant milestone in the company’s growth strategy. By incorporating credit and working capital into payment flows, the company is well-positioned to offer a range of financial products and services to its clients.
With a focus on technology and innovation, Bankable and Arex Markets are well positioned to create unique value propositions that will differentiate them from competitors. As a result, the acquisition is expected to bring significant benefits to both firms and create new revenue streams.