by Decentro, a banking-as-a-service (BaaS) platform, has acquired Neowise Technologies, a provider of embedded finance solutions. The acquisition will allow Decentro to expand its BaaS stack and offer a wider range of financial services to its customers.
Neowise Technologies provides a platform that allows businesses to embed financial services into their own products and services. The platform offers a variety of features, including account opening, payments, and lending.
The acquisition of Neowise Technologies will allow Decentro to offer its customers a wider range of financial services, including:
- Account opening: Decentro will be able to offer its customers the ability to open accounts directly through its platform.
- Payments: Decentro will be able to offer its customers the ability to make and receive payments through its platform.
- Lending: Decentro will be able to offer its customers the ability to apply for loans through its platform.
The acquisition is a sign of the growing demand for BaaS solutions. BaaS allows businesses to offer financial services without having to build their own infrastructure. This is a cost-effective and efficient way for businesses to offer financial services to their customers.
Here are some additional details about the acquisition:
- The acquisition was announced on July 18, 2023.
- The terms of the acquisition were not disclosed.
- The acquisition will allow Decentro to expand its BaaS stack and offer a wider range of financial services to its customers.
