Skip to Content

Australian Investment Blog

ASX:EML 13/04/2021

EML Payments (EML) to buy Europe ecommerce business

EML +5.45%: Announced they will acquire 100% of European based Sentenial for an upfront enterprise value $108.6 million, plus an earn-out component of up to $62.1 million. While this is a mouthful, Sentenial is a cloud-native, API-first, full-stack enterprise-grade payments
company.
This essentially means that they provide the backend to take payments for all sorts of e-commerce transactions, and can be integrated into whatever site / tech stake needs this capacity. Open banking has become a huge area of growth and post-acquisition, EML will be one of the largest independent FinTech enablers in Open Banking and Prepaid anywhere in the world. We like the deal and will continue to hold the stock in the MM Emerging Companies Portfolio.

EML
MM remains bullish EML
Add To Hit List
chart
image description
EML Payments (EML)
Back to top