Radiant Cash Management Services has received approval for the signing of the definitive agreement to acquire a majority stake in Aceware Fintech Services, a leading Kochi-based fintech company. The Board of Directors of the company at their meeting held on November 7, 2023 has approved the same.
Acemoney provides comprehensive and advanced digital banking solutions designed specifically for retail outlets, cooperative banks and cooperative societies in rural areas. Acemoney’s tech expertise and digital capabilities position RCMS favourably to leverage the growth in digital transactions by offering an innovative phygital platform that combines cash and digital banking services to customers in Tier 3+ regions. RCMS will acquire around 56.93% of Acemoney in an all-cash deal.
Radiant Cash Management Services is the market leader in retail cash management services for banks, financial institutions, and organized retail and e-commerce companies in India.
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| Sagility | 42.95 |
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