Singapores EDBI Makes Strategic Investment in Vesta as Company Makes a Concerted Push Into the Asia Pacific Region
Summary
LAKE OSWEGO, Ore.--(BUSINESS WIRE)--Vesta, a fintech pioneer in fraud protection and fully guaranteed payment technologies, has secured a strategic investment from EDBI, a global Asian-based investor. This investment, along with a strategic alignment with EDBI, will accelerate the company’s momentum and efforts to expand its fraud and approval enhancement platform across Asia Pacific (APAC). The combination of a dynamic business environment, first-class infrastructure and talent, and its central location for accessibility to the entire region, coupled with EDBI as our partner, made Singapore an easy choice,” said Ron Hynes, CEO of Vesta. Vesta provides its service directly to partners in the telecommunications and e-commerce industries around the globe and also allows merchants to seamlessly integrate through commerce and payments platforms including Plaid, Shopify, and Verifone. We are thrilled to partner with EDBI and be part of their portfolio family, and we are looking forward to working together to build and grow partnerships across the region,” said Shabab Muhaddes, Vesta’s GM for Asia Pacific.