Irish payments startup buys Convoy's payment unit

Dublin-based CurrencyFair takes a first step into Asia, buying a unit of Convoy Holdings – a company at the centre of an anti-corruption investigation. Convoy will invest in CurrencyFair.

Irish payments startup buys Convoy's payment unit

A fintech startup from Ireland is to work with a controversial Hong Kong financial group as it seeks a foothold in Asia.

Dublin-based CurrencyFair, a nine-year-old start-up that provides payment services to companies and individuals, has bought a 100% stake in Convoy Payments from Convoy Global. In return, Convoy Global   whose shares have been suspended since a December raid by Hong Kong's securities regulator and anti-corruption agency  will become an investor...

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