Mobile acquiring services 2Can and iBox merged and plan to take 50% of the market
The creators of mobile acquiring service 2Can ( Smartfin company) decided to merge with rival company iBox . The merged company is estimated at $ 20 million.
After closing the deal, the partners agreed to invest $ 1.3 million in total capital. These investments will allow the company to break even. Most of this amount is invested by the fund Inventure Partners , associated with Smartfin. The board of directors of the new company will include the founders of Smartfin, iBox and financial investors - Inventure Partners, Almaz Capital , the ESN group.
The merger will allow you to take 50% (by turnover) of the mobile acquiring market. Managing Partner of the Inventure Partners Fund Anton Inshutin estimates the total monthly turnover of Smartfin and iBox at 230 million rubles.
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2Can-iBox operates in the markets of Russia, Vietnam, Indonesia and Thailand. It is planned to enter the markets of Taiwan, the Philippines and other countries, except for the South-East Asia market, for which there is no demand for mobile acquiring.
Smartfin is an analogue of American Squre . The hardware-software complex consists of a device for calculations and software. Users can use a smartphone or tablet as an acquiring device.
Pay-me CEO Vladimir Kanin told Vedomosti that the monthly turnover of all players in the mobile acquiring market is now about 500 million rubles. In his opinion, the combined company will not be able to occupy half of the market, and 40% is quite possible.
Over the past year, the mobile acquiring market has tripled. This year it will grow even more. Kanin notes that such major players as Sberbank became interested in mobile acquiring. This indicates great prospects for this direction.
After closing the deal, the partners agreed to invest $ 1.3 million in total capital. These investments will allow the company to break even. Most of this amount is invested by the fund Inventure Partners , associated with Smartfin. The board of directors of the new company will include the founders of Smartfin, iBox and financial investors - Inventure Partners, Almaz Capital , the ESN group.
The merger will allow you to take 50% (by turnover) of the mobile acquiring market. Managing Partner of the Inventure Partners Fund Anton Inshutin estimates the total monthly turnover of Smartfin and iBox at 230 million rubles.
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2Can-iBox operates in the markets of Russia, Vietnam, Indonesia and Thailand. It is planned to enter the markets of Taiwan, the Philippines and other countries, except for the South-East Asia market, for which there is no demand for mobile acquiring.
Smartfin is an analogue of American Squre . The hardware-software complex consists of a device for calculations and software. Users can use a smartphone or tablet as an acquiring device.
Pay-me CEO Vladimir Kanin told Vedomosti that the monthly turnover of all players in the mobile acquiring market is now about 500 million rubles. In his opinion, the combined company will not be able to occupy half of the market, and 40% is quite possible.
Over the past year, the mobile acquiring market has tripled. This year it will grow even more. Kanin notes that such major players as Sberbank became interested in mobile acquiring. This indicates great prospects for this direction.
Source: https://habr.com/ru/post/291430/
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