Toronto FinTech startup Pungle acquired by Berkeley Payment Solutions
Pungle, a Fintech startup that developed a ‘payments-as-a-service platform’ for businesses, has been acquired by global payments company Berkeley Payment Solutions.
The company noted that the acquisition of Pungle will help it expand its own technology to enable “seamless end-to-end” payment solutions.
There was no word on the rest of Pungle’s team, which according to LinkedIn sat at 11 employees overall.
Birkness, the CEO of Pungle, noted that joining Berkeley allows Pungle to provide its customers with more robust features, broader capabilities, and global reach.
“What attracted Berkeley executives to Pungle was Pungle’s industry-leading technology platform, and its robust innovation and development,” said Lawrence Tepperman, president of Berkeley.
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