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In March 2022, Finaro announced its acquisition by US payments company Shift4 in a deal valued at USD 575 million. The deal took some time to get approved by the required institutions, after which the acquisition was completed on
October 26, 2023. On November 13, 2023 Finaro announced that it was
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technology, Source, which facilitates multi-channel payment processing, fraud and risk management services. According to a Nilson Report, in 2019 Credorax introduced bank account facilities for its clients.
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merchants. The initial funding was provided by
Blumberg Capital. By 2014, the company received nearly $ 130 million in venture funding from Blumberg Capital, FTV capital and other investment firms.
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and in 2015, the company received a commercial banking license in Malta allowing it to operate within the
European Union. Processing a volume of over $ 4.3 Billion in 2019.
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of the topic and provide significant coverage of it beyond a mere trivial mention. If notability cannot be shown, the article is likely to be
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by Benny
Nachman. From its start, the company launched and developed as an online acquiring bank acting as an intermediary between
538:"Finaro Announces its Acquisition by the American Leader in Commerce-Enabling Technology – Shift4 - in a Deal Valued at $ 575"
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In technological terms, Finaro is both an acquiring merchant bank and a payment processing provider (PSP), via its
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Acquiring
Technology, Banking Technology, Payment Technology, Processing Services, Information Based services
452:"Shift4 Completes Acquisition of Finaro to Accelerate European Expansion and Enhance eCommerce Capabilities"
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rebranding as Shift4 and was operating under the Shift4 brand name from that day onwards.
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587:"Credorax Partners with Anti-Fraud Solution to Provide Merchants 360° Monitoring"
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480:"Credorax raises $ 40 million to become a payment acquirer for the Internet Age"
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This bank, insurance, or other financial services corporation article is a
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563:"Finaro (formerly Credorax) on LinkedIn: #wearefinaro #finaroisnowshift4"
290:(PSP). Established in 2007 by Benny Nachman, the company operates in the
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435:"Samsung SDS to Provide Its Blockchain Platform to Credorax of Israel"
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Please help to demonstrate the notability of the topic by citing
421:"Israel's Credorax CEO Eyes $ 200 Million IPO to Fund Expansion"
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354:(PSD). In 2014, it obtained commercial banking license in
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In 2010, the company was licensed to operate under the EU
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notability guidelines for companies and organizations
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403:"Credorax Banks $ 40M for International Expansion"
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118:Learn how and when to remove this message
217:Benny Nachman (Founder & former CEO)
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497:"Credorax Adds Core Banking Platform"
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589:. The FinTech Times. 30 June 2020.
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437:. Business Korea. 5 March 2020.
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511:"credorax financial statement"
482:. TechCrunch. 27 October 2014.
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685:Financial software companies
613:. You can help Knowledge by
221:Moshe Selfin (CTO & COO)
309:and now operates under the
219:Igal Rotem (CEO since 2016)
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409:. The Wall Street Journal.
352:Payment Services Directive
321:Credorax was founded as a
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40:reliable secondary sources
29:The topic of this article
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31:may not meet Knowledge's
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615:expanding it
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379:References
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78:newspapers
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241:.credorax
160:Traded as
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366:Services
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170:Industry
67:"Finaro"
326:startup
317:History
234:Website
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180:Founded
152:Private
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456:Shift4
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268:Finaro
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