Equals Group to Take over Oonex for £4.1M

Equals Group, a UK-based fintech payments company, has entered into a conditional agreement to acquire the global payments services provider to the FinTech sector, Oonex SA, for a total consideration of up to £4.1 million.

This follows the group’s acquisition of Roqqett​ in January. Roqqett is authorised by the FCA as both an AISP (Account Information Service Provider) and PISP (Payment Initiation Service Provider).

Belgium-based regulated payment institution, Oonex provides financial and payment services to businesses and individuals in the European Union and European Economic Area (EEA). It is a Principal Member of Mastercard, which allows the firm to issue debit cards across the EEA. It is also a SWIFT and SEPA member, delivering direct Payment Accounts (IBANs) from Belgium to companies and individuals worldwide.

"We are delighted to announce the acquisition of Oonex which enables us to bring our market leading products to new customers across Europe. We are excited to establish our European headquarters in Belgium and to make use of the investment in technology that we have made over the past few years to rapidly deploy our global platform," commented Ian Strafford-Taylor, CEO of Equals Group.

With this new acquisition, the group will expand its payments, cards and multi-currency account products to a new suite of customers across Europe. Besides, the deal brings new card acquiring capabilities into the Group's portfolio.

"Everyone at Oonex is very excited to be joining the Equals Group. We have worked hard over the last nine years to build up an enviable licensing portfolio and we now look forward to delivering on the opportunity of driving the business forward with the technology, know-how and customer base of the wider Equals group," said Fabien Boursin, Executive Director and Founder of Oonex.