White Matter Advisory, a treasury risk consulting firm, announced on Monday that it had acquired a 90% stake in the fintech startup Fairexpay. The exact amount of the acquisition remains undisclosed. According to the release, this move will help White Matter Advisory expand its portfolio in cross-border remittance and fund collection services.
White Matter Advisory operates under the name SaveDesk (White Matter Advisory India Pvt Ltd) and specializes in treasury risk advisory. The company manages $8 billion in funds and provides advisory services to a broad range of clients.
Based in Bangalore, White Matter Advisory assists businesses with complex treasury and risk management issues.
Fairexpay, authorized by the Reserve Bank of India (RBI) under Cohort 2 of the Liberalized Remittance Scheme (LRS) Regulatory Sandbox, offers top-notch FX rates, 24-hour processing times, and strong security compliance.
“With this acquisition, White Matter Advisory will leverage Fairexpay’s advanced technological platform and regulatory approvals to enhance its client services,” the release said.
Adding Fairexpay’s technology will give White Matter Advisory a competitive advantage in the cross-border remittance and fund collection market.
By integrating Fairexpay’s advanced solutions, White Matter Advisory aims to deliver seamless, cost-effective international payment options and ensure secure money transfers for clients.
