Crown Agents Bank: Acquired Payment Fintech Segovia

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Crown Agents Bank: Acquired Payment Fintech Segovia

Cabim: The parent company of Crown Agents Bank, acquired the enterprise business and payment gateway product of Segovia

  • The acquisition will allow Crown Agents Bank to extend its payment network
  • Integrate Segovia’s modern payments infrastructure with Crown Agents Bank’s FX capabilities
  • As part of the acquisition they become a separate and independent standalone entity
  • They work together with the aim of making payments to and from frontier markets easier, faster and more secure and cost-effective
  • The Bank offers solutions encompassing foreign exchange, international payments, pensions and payroll payments and trade finance
  • Segovia founded in 2014, to connect poorer areas to mobile and other payment networks