UK fintech SaltPay has acquired Latvia's MeaWallet and A-Heads Consulting

Latvian digital payment platform MeaWallet and IT services company A-Heads Consulting have been acquired by UK-based fin-tech company SaltPay. The deal was an exit for Norwegian fund Idékapital, which invested in MeaWallet in 2018.

By acquiring these companies, Saltpay plans to expand its business, using the companies' experience in the local market. In particular, to establish a new engineering hub in Riga.

MeaWallet is a Latvian company that offers digital payment solutions for banks and other card issuers. The company runs the Mea Token Platform and MeaPay (SoftPOS contactless payment solution for Android devices). One of the payment solutions is card tokenization. When a person pays with an electronic wallet, a token is sent to the bank instead of the card data. So the real card data becomes less accessible and more secure.

A-Heads Consulting - is a Latvian company that offers IT services for companies, and provides custom software development, and integration services. A-Heads Consulting was founded in 2012 in Riga by Dmitry Buzdin.

SaltPay is a London-based fintech company, that launched in 2019. It provides small and medium-sized businesses with payment solutions. Also, it offers issuer payment processing, cloud-native payments, and business management Software-as-a-Service to global FinTechs