Portugal news - Portuguese fintech HolyWally was just acquired by DCS Innov in a strategic move to scale-up.
Portuguese fintech HolyWally, that is a member of the Unicorn Factory Lisboa Scaling Up programme, has been acquired by DCS Innov in a strategic move that highlights their innovative leadership in the Wallet-as-a-Service space.
This acquisition marks a significant milestone as the Portuguese fintech scale-up joins forces with DCS Fintech while the founder of HolyWally, Vel Vasic, takes on the role of Chief Commercial Officer at DCS.
DCS Innov, that is leading payment evolution through innovation, was born from the ambition of DCS Card Centre to lead next-gen payments in Singapore and the region. DCS Innov empowers the co-creation and development of solutions that provide an integrated payment experience for consumers and businesses.
HolyWally, the pioneering Wallet-as-a-Service (WaaS) platform on which InstaWally was designed and built, just launched one of the world’s first instant mobile wallet solutions designed for fintechs and companies eager to offer a mobile app embedded with payments services.
InstaWally is an instant wallet app solution that embeds cards, virtual bank accounts and Web3 payments within an optimal user interface. The innovative solution enables any company to launch a customizable mobile app embedded with payment services in just weeks, without any prerequisites on payments or app development expertise.
With this acquisition, HolyWally will leverage on the existing global client network to establish affiliate arrangements that expand the payment services within InstaWally, creating a "Lift-&-Shift" model where, after just a one-time integration, clients can scale alongside their market expansion.
This marks a significant leap in the Portuguese fintech sector that enables global access to a seamless, secure and swift mobile payment experience, expanding from Portugal to Singapore, the US, UK and Europe.
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