Octo3 and Evantagesoft have merged to form FST.Money (FTS).
Founded in 2012, Octo3 provides a diverse range of solutions to businesses in the financial technology industry, including multi-tenant cloud-based payment acquiring host, front end processing for payment service providers, and crypto related support.
Established in 2007, Evantagesoft is a FinTech enablement company, providing financial platforms ranging digital banking, mobile money, and mobile wallet.
Headquartered in Hong Kong, FTS.Money aims to combine the firms’ tech expertise, market knowledge and product offering, to provide tailored solutions for consumers and businesses in the global FinTech and banking landscape.
The deal also seeks to consolidate and continue to expand FTS’ global client base by offering a new range of services specifically created for regional markets.
Among its services, FTS.Money will offer a standardised API Hub, white-labelled advanced payments, ATM and core banking infrastructure, global payments switching, crypto acceptance and payment modernisation solutions.
Part of the client offering will also include payment gateways, digital banking platforms and wallets, payment orchestration, crypto gateways, e-vouchering solutions, digital KYC and onboarding solutions.
"FTS is dedicated to driving the future of financial technology with a focus on delivering value and fostering long-term partnerships with our clients," said Arshad Quayyum, co-founder and chief technology officer of FTS.Money.
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