Equiteq advises Infinitium, a Leading Provider of Digital Payments, Risk Management and Payment Authentication Services in Southeast Asia, on its sale to Euronet

February 14, 2024

Equiteq is pleased to announce that it has acted as the exclusive financial advisor to Infinitium Holdings, a digital payments company and provider of risk management and payments authentication services, on its sale to Euronet (NASDAQ: EEFT), a leading global financial technology solutions and payments provider.

Based in Singapore, Infinitium’s products will be integrated with Euronet’s Ren payments platform to provide additional protection against consumer fraud and merchant chargebacks in online transactions.

Infinitium is a leader in providing risk management and payment authentication services such as 3D Secure (3DS), which helps address fraud in eCommerce or “card not present” (CNP) transactions. This authentication step adds an extra level of security, reducing the risk of unauthorized transactions and enhancing overall online payment security. The company also offers next-generation, omnichannel payment gateway services for merchants and acquirers, enabling them to operate their services efficiently across diverse channels. Its customers include large banks and merchants in Singapore, Malaysia, Indonesia, Hong Kong, Brunei, Cambodia, the Philippines and India.

“Every stakeholder in the payments ecosystem has a strong incentive to adopt 3DS soon,” said Kevin J. Caponecchi, Euronet Executive VP and CEO, epay, Software and EFT Asia Pacific Division. “With this acquisition, we have enhanced our Ren payments platform with industry-leading technology that provides modern, multi-channel transaction authentication across issuing and acquiring domains. With Infinitium’s next-generation payment gateway, we have added significantly more addressable market opportunity with this valuable enhancement to the Ren platform.”

“Infinitium has developed industry-leading fraud detection solutions for risk-based authentication of CNP transactions by leveraging modern technologies,” said Himanshu Pujara, Senior Vice President and MD Asia Pacific and Ren Payments. “These solutions address CNP fraud while ensuring high success rates for merchants and issuers. Leading issuers in Southeast Asia use the Infinitium solution. This represents an opportunity for us to provide integrated payment offerings of Ren to these customers and other prospects in Asia and globally.”

Infinitium possesses a highly diversified workforce of approximately 200 software developers and architects, plus a seasoned senior management team that will remain with Euronet following the successful completion of the acquisition.

“The Infinitium team is happy to find a new home in Euronet,” said Ho Ching Wee, Founder and CEO of Infinitium. “This arrangement will yield numerous synergies leveraging our joint technologies for our customers, enabling us to provide enhanced capabilities. We aim to maximize our potential over the next few years by delivering stronger and superior offerings to our customers worldwide.”

Commenting on Equiteq’s role in the transaction, Ho Ching Wee added: “I would like to thank Equiteq for their expert advice and unwavering assistance throughout the transaction process. Without their support, we would not have been able to cope with the requirements of a sale process while at the same time continuing to run the business efficiently. We constantly received from them objective and valuable advice, as well as clear guidance through due diligence and complex deal finalization technicalities, and we truly appreciated their sharpness of thought, meticulous planning, and vast deal experience.”

Arun Nayak, Managing Director at Equiteq, noted: “Infinitium is a truly unique business boosted by buoyant market momentum, a powerful value proposition and an energetic and talented management team. With the strong backing of Euronet as a strategic partner, we are confident it will rapidly and successfully scale into new products and territories and become a globally recognised platform. It has been a great privilege for us to be involved in this landmark deal in the digital payments and authentication ecosystem, and a great pleasure to support such an exceptional team."

Read more on the deal here: https://ir.euronetworldwide.com/news-releases/news-release-details/euronet-announces-acquisition-infinitium-leading-digital

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