Background on Topaz and Valid Colombia
Topaz, a technology solutions provider specializing in digital financial transactions, has acquired the payments business unit of Valid Colombia, focusing on payment and digital financial transaction solutions. This acquisition was made for 39.8 million reais, equivalent to $7 million, according to Topaz, a division of the Brazilian group Stefanini.
Valid Colombia’s payments business unit manages 3 million transactions per month. Following the sale of Valid Colombia’s payments operation to Topaz, Valid will continue its operations normally, offering solutions for other business areas, as stated by the company.
Topaz, part of the Stefanini group, is intensifying its efforts to incorporate new solutions into its platform. This move aligns with their primary goal of providing the financial market with technology to promote clients’ evolution and growth, supporting them throughout their digital transformation journey via a financial solutions platform.
Valid Colombia and its Specialization
Established in 2015, Valid Colombia specializes in customizable products and software for payment and transaction solutions.
Topaz’s Expansion and Impact
With this acquisition, Topaz adds value to its performance in evolving businesses within a highly competitive and innovation-driven segment. The deal will strengthen Topaz’s position in the Latin American financial solutions market, as it not only expands its geographical reach but also broadens the company’s offerings and customer base.
There is an expectation that Valid Pay solutions’ revenues will grow by approximately 20% by the end of this year. With potential expansion to other countries such as El Salvador, Mexico, Panama, and Peru, this growth percentage could be even higher.
Key Questions and Answers
- Who is Topaz? Topaz is a technology solutions provider specializing in digital financial transactions, which is a division of the Brazilian group Stefanini.
- What does Valid Colombia do? Valid Colombia, established in 2015, specializes in customizable products and software for payment and transaction solutions.
- Why did Topaz acquire Valid Colombia’s payments unit? Topaz aims to add value to its performance in evolving businesses within a competitive and innovation-driven segment. This acquisition strengthens Topaz’s position in the Latin American financial solutions market.
- What are the expected revenue growth figures for Valid Pay solutions? There is an expectation that Valid Pay solutions’ revenues will grow by approximately 20% by the end of this year.
- In which other countries could Valid Pay solutions potentially expand? There is potential for expansion to El Salvador, Mexico, Panama, and Peru.
