EQS Group-Ad-hoc: Achiko Limited / Key word(s): Letter of Intent
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Zurich, 1 April 2020 - Achiko is proud to announce a partnership with Sonect, a leading provider of consumer payment solutions in Switzerland. This follows the recent announcement of newly SIX-listed FinTech company Achiko's cooperation with Hypothekarbank Lenzburg. Achiko Ltd. and Zurich-based cash management platform Sonect announce plans to enter into a partnership to leverage their respective services in Switzerland and beyond.
Sonect, an award-winning innovator in the ongoing digitalization of finance, and Achiko, one of Asia's leading payment platforms, will connect their respective technologies to provide innovative and forward-looking payment solutions to the Swiss market. This initial milestone will allow Achiko's end-users to withdraw cash at more than 2300 Sonect shops in Switzerland. Further integration will allow Achiko to target close-knit communities outside Switzerland with a comprehensive range of specific financial services. Those services will be connected to the cash world, through Sonect's extensive network, ultimately setting a new benchmark in terms of functionality and consumer engagement.
Sandipan Chakraborty, Chief Executive Officer and Founder of Sonect, commented:
For further information visit sonect.net.
The company has an experienced management team which has a track record building internationally recognised digital businesses and has also implemented them for companies like Disney, TimeWarner (now WarnerMedia), Samsung, Kakao, Leon Entertainment and many others with offices in Switzerland, Singapore, Indonesia, and South Korea.
Achiko has significant shareholders such as MNC Group, the largest media company in Southeast Asia. Its shareholder base also includes MOX, China's largest venture capital company focussing exclusively on the mobile sector and one of the three largest global VC companies in this field.
Further information can be found on www.achiko.co
End of ad hoc announcement
|5th Floor Anderson Square Building, 64 Shedden Road, P.O. Box 31325 SMB|
|KY1-1206 Grand Cayman|
|Listed:||Regulated Unofficial Market in Frankfurt; SIX Swiss Exchange|
|EQS News ID:||1012327|
|End of Announcement||EQS Group News Service|
1012327 01-Apr-2020 CET/CEST