Dubai-based Tarabut has acquired the London-headquartered A2A payments platform Vyne to bolster its long-term growth strategy. The acquisition, finalized in August, aims to enhance the open banking firm’s ability to offer faster and more interconnected financial services across the MENA region and globally. While the transaction value remains undisclosed, Tarabut plans to leverage Vyne’s technology for real-time, cardless, account-to-account payments, streamlining operational procedures including real-time reporting and reconciliation. This deal follows Tarabut’s $32 million Series A fundraising completed last year.
Financial Technology (FinTech), Payments & Transactions,United Arab Emirates (UAE), United Kingdom (UK), MENA Region
https://www.zawya.com/en/wealth/alternative-investments/dubai-based-tarabut-acquires-londons-payments-platform-vyne-h5ehfdab