Terms of the deal have not been revealed, but it will help the British moneylender in its quest to become a heavyweight international digital finance group.
Never ones to rest on their laurels, the Samwer brothers have launched their copy of hot payments service Stripe, while also partnering up with the cellular carrier Millicom for a fresh push into emerging markets
Rumors suggest the Samwer brothers are prepping a clone of hot payments startup Stripe to add to their copies of Square and BillMeLater – though it remains to be seen whether this would be a quick-sale ploy or a long-term play.
The Swedish investor has become a new backer of Billpay, a Samwer brothers operation and PayPal rival that’s talking expansion – but what kind?
Germany’s Samwer brothers are notorious as Europe’s chief cloners of web companies through their Rocket Internet vehicle. But we discovered their empire of e-commerce copycats is increasingly global, with companies operating in more than 50 countries worldwide.