Bankable acquires Arex Markets, an embedded finance company

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Banking-as-a-Service platform Bankable has acquired Arex Markets, giving the combined company the ability to integrate credit and working capital into the payment flows of neobanks, multinational brands, and fintech platforms.

The deal’s financial details weren’t made public. Bankable will upgrade its current API-first digital platform with working capital. Bankable asserted that it will provide limitless working capital paired with a sizable portfolio of pertinent clients through extensive investor partnerships.

The B2B wholesale travel industry is implementing the first use cases for the combined offering to support working capital for supplier payments.

Read More: Bankable buys embedded finance firm Arex Markets

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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