Polish fintech SoftPos sells 55% of its shares to Worldline
The Warsaw-based fintech startup SoftPos sells 55% of its shares to Worldline, a global leader in the electronic payment industry. Following the takeover, the new owner also launches a new product — Worldline Tap on Mobile, MamStartup reports.
- SoftPos was founded in 2019 by two specialists in the payment industry: Grzegorz Nowakowski and Biser Jorgow. The startup develops software that turns any Android device into an electronic payment terminal. This enables secure handling of contactless transactions made with payment cards or digital wallets. And all without the need to purchase additional equipment.
“Worldline was the first major player to believe in SoftPos. Since 2020, our company has built an advanced but easy-to-use technology already actively used by multiple merchants of all sizes across Europe. Having Worldline as our strategic investor means strong support both in further product development as well as sales to other markets and merchants,”Grzegorz Nowakowski, President of the Management Board of SoftPos, comments.
- The acquisition is in line with Worldline‘s goal to provide a range of payment solutions tailored to the needs of a variety of merchants. The company is a global leader in secure payments and trusted transactions, operating since 1974.
- The companies do not disclose the acquisition amount.
- Now, Worldline will focus on a new product based on SoftPos technology — Worldline Tap on Mobile. It will provide clients with full suite of solutions adapted to all growth ambitions.