Treasury danger consulting agency White Matter Advisory on Monday introduced the acquisition of a 90% stake in fintech startup Fairexpay for an undisclosed quantity. The acquisition will assist White Matter Advisory in increasing its portfolio within the space of cross-border remittance and fund assortment providers, a launch stated. White Matter Advisory, working underneath the title SaveDesk (White Matter Advisory India Pvt Ltd), is within the treasury danger advisory sector. It oversees funds underneath administration (FUM) totalling $eight billion, providing advisory providers to a variety of shoppers.
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Bangalore-based White Matter Advisory helps companies navigate the complexities of treasury and danger administration.
Fairexpay, authorised by the Reserve Financial institution of India (RBI) underneath Cohort 2 of the Liberalized Remittance Scheme (LRS) Regulatory Sandbox, boasts options, together with best-in-class FX charges, 24-hour processing time, and complete safety compliance.
“With this acquisition, White Matter Advisory will leverage Fairexpay’s superior technological platform and regulatory approvals to reinforce its consumer providers,” the discharge stated.
The mixing of Fairexpay’s capabilities is predicted to offer White Matter Advisory with a aggressive edge within the cross-border remittance and fund assortment market, it added.
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The discharge additional stated that by integrating Fairexpay’s superior know-how, White Matter Advisory goals to supply seamless and cost-effective cross-border cost options, offering shoppers with safe choices for worldwide cash transfers.