Finaro Announces Its Acquisition By The American Leader In Commerce-Enabling Technology – Shift4 - In A Deal Valued At $575 Million Usd

Finaro (formerly Credorax), global cross-border payment provider and fully licensed bank empowering international commerce through brilliantly simple payment solutions, today announced that it has entered into an agreement with Shift4 for its acquisition in a deal worth $575 M USD. The combined offering of both companies creates complimentary synergy of a global payments powerhouse with significant card-present and card-not-present expertise across a range of verticals serving large, complex merchants with unique solutions. Together, Finaro and Shift4 will be better positioned to provide merchants with the best-in-class global omni-channel payment solution and stand alongside some of the biggest players in the payments industry, including Adyen, Nuvei and WorldPay.