Risk consulting firm White Matter Advisory acquires 90% stake in fintech Fairexpay
White Matter Advisory on Monday announced the acquisition of a 90% stake in fintech startup Fairexpay for an undisclosed amount. The acquisition will help White Matter Advisory in expanding its portfolio in the area of cross-border remittance and fund collection services, a release said.
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White Matter Advisory, operating under the name SaveDesk (White Matter Advisory India Pvt Ltd), is in the treasury risk advisory sector. It oversees funds under management (FUM) totalling $8 billion, offering advisory services to a wide range of clients.
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Offering CollegeCourseWebsiteIndian School of BusinessProfessional Certificate in Product ManagementVisitIndian School of BusinessISB Product ManagementVisitMIT xPROMIT Technology Leadership and InnovationVisitBangalore-based White Matter Advisory helps businesses navigate the complexities of treasury and risk management.
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Fairexpay, authorised by the Reserve Bank of India (RBI) under Cohort 2 of the Liberalized Remittance Scheme (LRS) Regulatory Sandbox, boasts features, including best-in-class FX rates, 24-hour processing time, and comprehensive security compliance.
«With this acquisition, White Matter Advisory will leverage Fairexpay's advanced technological platform and regulatory approvals to enhance its client services,» the release said.
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