Visa Acquires Fraedom to Expand Global Commercial Offerings
Visa announced an agreement to acquire Fraedom, a Software-as-a-Service technology company providing payments and transaction management solutions for financial institutions and their corporate customers. The acquisition will strengthen and expand Visa’s business suite of solutions to meet the rapidly evolving needs of the B2B payments industry.
For over 17 years, Fraedom has been offering its products to financial institutions, payment networks, processors governments, and technology companies worldwide.
“We couldn’t be more excited to join the Visa family,” said Kyle Ferguson, CEO of Fraedom. “The combination of Visa’s leadership, reach, and deep knowledge of digital payments, coupled with our expertise in the B2B market for our growing customer base, will allow us to better service businesses around the world with fast, secure, and robust commercial payments solutions.”
Visit www.visa.com for more information.