Qualco acquires Neurosoft fintechs to boost supply chain offerings
Debt management and solutions firm Qualco has announced its acquisition of two fintechs under the Neurosoft brand.
TensorFin Single Member and Daedalus Technologies both operate in the supply chain financing sector, and provide technology and consulting services.
The two firms operate in EMEA, and did so separate from Neurosoft following a spinning out of the latter’s fintech unit.
Qualco will integrate the entirety of both businesses and all operational aspects into its own fintech unit.
This includes a handful of software platforms: Proxima Backoffice, Tesla Radius, Ergodicity, and Confirm.
Qualco says these platforms cover the entire supply chain finance market and offer “competitive solutions” and “substantial benefits”.
Spyros Retzekas, managing director at the firm, says: “Through the inclusion of Proxima+ and Confirm platforms in our portfolio, we will be able to provide our clients with complete solutions within the entire credit management field.”
Financial details of the two deals remain undisclosed.