Cypriot Consortium Closes SEPAGA Acquisition

by Jeremy

The acquisition of SEPAGA, a Cypriot digital funds firm, by the consortium of Galatariotis Monetary Holdings Restricted, Panagiotis Ioannou, and Giorgos Petrakidis has been accomplished.

Each Ioannou and Petrakidis are working for Microsoft. Ioannou is the Regional Director of the Public Sector for Multi-Nation CEE, whereas Petrakidis is the Director of Enterprise Growth. Now, each of them have joined the Board of SEPAGA.

The consortium inked the deal of SEPAGA acquisition final April. Nonetheless, the monetary phrases of the deal are unknown.

SEPAGA is licensed and controlled by the Central Financial institution of Cyprus. It gives pay as you go playing cards and e-wallet accounts, together with different providers like foreign money conversions.

The acquisition was sealed when the corporate is rising its buyer base in Europe, Asia, and different elements of the globe.

“Everybody within the Sepaga workforce is happy in regards to the completion of the acquisition and the brand new Board of Shareholders and Administrators, as Simos Galatariotis (of Galatariotis Monetary Holdings Restricted), Panagiotis Ioannou and Giorgos Petrakidis are among the many greatest and most skilled professionals within the sectors of know-how and entrepreneurship,” Elena Kontou, the CEO of SEPAGA, stated in an announcement (translated from Greek).

New House owners with Aligned Pursuits

The experience of the brand new homeowners of the corporate goes to assist the corporate to develop additional. Moreover, the corporate is contemplating plans for increasing monetary options for companies and people.

“They’re individuals with expertise in managing groups, growing tradition and perception that mixed with the technique and expertise of the Monetary Companies workforce, we can obtain our imaginative and prescient quicker to evolve digital funds within the enterprise world,” Kontou added.

“We want to thank our clients and companions for his or her unbelievable assist and cooperation over the previous six years and guarantee them that we’ll proceed to evolve and provide wonderful high quality providers to the enterprise world.”

The acquisition of SEPAGA, a Cypriot digital funds firm, by the consortium of Galatariotis Monetary Holdings Restricted, Panagiotis Ioannou, and Giorgos Petrakidis has been accomplished.

Each Ioannou and Petrakidis are working for Microsoft. Ioannou is the Regional Director of the Public Sector for Multi-Nation CEE, whereas Petrakidis is the Director of Enterprise Growth. Now, each of them have joined the Board of SEPAGA.

The consortium inked the deal of SEPAGA acquisition final April. Nonetheless, the monetary phrases of the deal are unknown.

SEPAGA is licensed and controlled by the Central Financial institution of Cyprus. It gives pay as you go playing cards and e-wallet accounts, together with different providers like foreign money conversions.

The acquisition was sealed when the corporate is rising its buyer base in Europe, Asia, and different elements of the globe.

“Everybody within the Sepaga workforce is happy in regards to the completion of the acquisition and the brand new Board of Shareholders and Administrators, as Simos Galatariotis (of Galatariotis Monetary Holdings Restricted), Panagiotis Ioannou and Giorgos Petrakidis are among the many greatest and most skilled professionals within the sectors of know-how and entrepreneurship,” Elena Kontou, the CEO of SEPAGA, stated in an announcement (translated from Greek).

New House owners with Aligned Pursuits

The experience of the brand new homeowners of the corporate goes to assist the corporate to develop additional. Moreover, the corporate is contemplating plans for increasing monetary options for companies and people.

“They’re individuals with expertise in managing groups, growing tradition and perception that mixed with the technique and expertise of the Monetary Companies workforce, we can obtain our imaginative and prescient quicker to evolve digital funds within the enterprise world,” Kontou added.

“We want to thank our clients and companions for his or her unbelievable assist and cooperation over the previous six years and guarantee them that we’ll proceed to evolve and provide wonderful high quality providers to the enterprise world.”

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