Acquires Software package Organization Icefire, which performs in cloud-based mostly payments options, has obtained Icefire, an Estonian program improvement agency, to capitalize on the continuing popularity of eCommerce, in accordance to a press launch. This marks’s premier acquisition to day.

In the release, Chief Technologies Officer Ott Kaukver praised Icefire’s observe file of setting up “complex, modular” financial units.

“Their proven expertise is complementary to what we are creating at, to empower the enterprises with improved payments,” he said in the launch.

By attaining Icefire, is searching to speed up advancement of critical items and options using Icefire’s know-how, the release mentioned. The acquisition will also enable merchants to scale a lot more very easily in global markets.’s products and services aid world-wide enterprises achieve much better executing payments to push extra profits and enrich shopper ordeals. The release mentioned that has found a boost in need for its expert services due to the fact the pandemic started off as more businesses switch to electronic commerce. Transaction volume has tripled in the previous year.

In the meantime, Icefire, which is based in Tallinn, has experience acquiring economic solutions and has worked with providers like Skype, Swedbank and the Republic of Estonia’s Tax & Customs Board, alongside with supporting the improvement of Estonia’s COVID-19 app HOIA.

In January, shut a Series C spherical for $450 million, PYMNTS claimed. That shot the company’s valuation up to $15 billion, adhering to a independent $150 million round from past calendar year.

The January funding aided make the fourth-largest FinTech in the globe and the most useful organization backed by enterprise throughout the Europe, the Center East, and Africa (EMEA) region. was fashioned in 2012 and has office environment in New York Metropolis and San Francisco. The organization ideas to open up an office environment in Denver and hire a merged 700 people today across all its areas.


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About The Examine: The AI In Aim: The Financial institution Engineering Roadmap is a investigate and interview-centered report analyzing how banking companies are working with synthetic intelligence and other state-of-the-art computational devices to strengthen credit rating hazard administration and other features of their operations. The Playbook is based mostly on a study of 100 banking executives and is aspect of a bigger sequence assessing AI’s opportunity in finance, health care and other sectors.