TessPay, a Fort Myers, FL-based provider of a secure payments platform, acquired Create.iF, a Birmingham, UK-based construction and property consultancy company.
The amount of the deal was not disclosed.
With the acquisition, TessPay will expand beyond its wholesale telecom business that processes approximately $20 million in monthly cross border voice calls, leveraging Create.iF’s clients and industry experience to facilitate financing transactions for major construction projects.
Led by MD Matt Butlerv, Create.iF is a multi-disciplinary consultancy offering services to the construction and property industry, including Development Management, Fund Monitoring, Cost Modelling, Employers Representative, Quantity Surveying, Construction Management and specialist contract advice. The company offers knowledge and expertise to enable clients to create the design, finance, procurement and management strategies required to control their construction activities and deliver projects.
Led by CEO Jeff Mason, TessPay operates a secure payments platform that combines Smart Contracts and Automated Payments to guarantee daily settlements for wholesale telecom carriers. The company system offers liquidity that allows lender funding, payment assurance, fraud mitigation, and secure transparency throughout each step of every transaction. Smart Contracts create an automation in the processing of settlements for wholesale traffic between international carriers. This allows operators to spend time building their businesses and not chasing money. TessPay is also actively engaged with investment bankers to obtain a listing on NASDAQ in early 2023.
FinSMEs
07/12/2022