Singapore-based fintech firm ApexPeak has acquired Dutch supply chain finance provider Asyx, expanding its worldwide presence.
Asyx has offices in the Netherlands and Indonesia and serves clients in 12 countries. Under the terms of the acquisition, it will remain a distinct brand and keep its management and technical teams in place, while working with ApexPeak to integrate the two firms’ technology and customers.
“Our acquisition of Asyx helps move ApexPeak one step closer to solving the procure-to-pay finance puzzle. This is a remarkable value-add acquisition which positions ApexPeak well for rapid short-term growth as well as creating long-term value for shareholders,” says ApexPeak CEO Gakim Solomons.
“Being part of the ApexPeak family gives us the financial resources to bolster our existing capabilities as well as invest in future product enhancements,” adds Asyx CEO Roel Elshout.
This acquisition follows that of Dubai-based Cashnomix earlier this year, which helped ApexPeak establish a presence in the United Arab Emirates.