Spanish WiZink Bank has acquired 100% of the Madrid-based fintech startup Aplazame, which specialises in instant consumer credit solutions for online purchases.
Aplazame will continue to operate independently led by its CEO and founder, Fernando Cabello-Astolfi. WiZink has explained that with the acquisition it seeks to deepen its involvement in ecommerce and fintech, in order to better respond to the needs of customers by offering more flexible payment solutions.
"Although WiZink and Aplazame will continue to operate as two independent companies, this purchase is another step towards becoming a benchmark for flexible payment methods and reinforces our digital strategy by entering the field of ecommerce," said general director of the bank, Iñaki Perkins.
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