Global FinTech and Payment Solutions Provider, Tuxedo Money Solutions Ltd, has announced that it has new 100 per cent owners in Erik Fällström and Andreas H Tuczka, of Aldridge EDC Specialty Finance Partners ("AEDC"). The deal completed on 20th April, following the approval of the FCA.
Former co-founder of HOIST Finance, Erik Fällström, and former partner at Lone Star Europe, Andreas Tuczka, will support Tuxedo CEO John Sharman in delivering the company’s ambitious growth plans across Europe and beyond.
With extensive experience within financial services, the new investors will help to drive Tuxedo’s diversification and growth on four fronts;
1. Customised, white label card and payment programmes
2. PayTech platform solutions, centred around Tuxedo’s new Liveload® technology
3. Alternative Banking services
4. Expansion into the consumer credit market
John Sharman comments: “Tuxedo has major growth plans within the PayTech and Financial Services sectors, in Europe and beyond, and our new investors are key to helping us achieve this growth. The sector knowledge, experience and relationships that Erik and Andreas bring will open up new and significant opportunities for the business, while providing the strategic direction, insight and senior guidance required to deliver our ambitious growth plans.”
For more information on Tuxedo Money Solutions, visit: http://www.tuxedomoneysolutions.com or email email@example.com
"Tuxedo has major growth plans within the PayTech and Financial Services sectors, in Europe and beyond, and our new investors are key to helping us achieve this growth"
John Sharman, CEO
DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.