Dash Solutions, previously known as Prepaid Technologies, a front-runner in the payments and engagement technology space, has recently announced its acquisition of KyckGlobal. KyckGlobal, originating from Atlanta, is a fintech firm specialising in a wide range of both domestic and international digital payment solutions.
The acquisition’s driving force comes after Dash Solution’s ambitious growth strategy, fueled by the notable $96m investment they received from Edison Partners in 2021. Dash Solutions has consistently been bolstering its tech offerings to provide more solutions for its commercial clientele.
The central mission behind this strategy has been a holistic expansion into newer markets and the delivery of a more extensive range of configurable payment and engagement solutions. These solutions are pivotal in promoting efficiency, driving motivation, and enhancing oversight. This acquisition underlines Dash Solution’s commitment to advancing the digital payments realm.
Historically, Dash Solutions and KyckGlobal have enjoyed a solid partnership. Dash sees this acquisition as an opportunity to enhance their four fundamental offerings, which include pay, rewards and incentives, expense management, and corporate disbursements. The bedrock of Dash’s technology has always been its diverse solutions and its flexible configurability. By acquiring Kyck, these attributes are set to be immediately amplified.
Stephen Faust, CEO of Dash Solutions remarked, “We’re continuing to make major investments in our core solutions and technology to ensure we’re providing our customers and partners with innovative payment solutions that meet their pressing payments needs and that means continuously delivering cutting-edge features and configurability.
“KyckGlobal’s platform is an outstanding complement to our existing digital and card-based offerings. We know that this will help us accelerate our roadmap and move us closer to our vision of becoming the leading digital payments solutions provider in market.”
With a commendable history spanning over 25 years in the digital payments market, Dash Solutions has maintained a distinctive perspective on the industry’s evolving prospects. Through their collaborations with giants like Visa, MasterCard, and Discover, they have leveraged prepaid debit and push solutions, among other digital payment strategies. This approach has resulted in a staggering 10x growth over the past half-decade, with the firm now overseeing billions in annual payments.
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