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IndustryUpdate

STRIDER, PayPal to expand growth. Ageras recently raised €82 million for acquisi-
equestrian digital payments tions, supported by Investcorp and Lazard, positioning
itself as a resilient platform for consolidating fintech and
STRIDER, a North American equestrian booking plat- business software companies across Europe.
form, partnered with PayPal to enhance payment pro-
cessing for United States Pony Club events, which ben- Shift4 gains stake in Vectron
efit clubs nationwide through its Give Back initiative. completes Revel acquisition
This collaboration introduces the StriderPay system,
launched in 2023 and designed to provide secure, conve- Shift4, a provider of integrated payments and com-
nient digital payments and reduce processing fees. Clubs merce technology, acquired a majority stake in Vectron
can process payments via credit/debit cards, Venmo and Systems AG, a top European POS systems supplier in
PayPal, earning up to 2 percent back on entry fees, the the restaurant and hospitality sectors. Vectron, based in
partners noted, adding that this innovation broadens Germany, has about 65,000 POS locations across Europe,
access to Pony Club events and boosts revenue. representing a €25 billion volume opportunity. Shift4
plans to acquire more of Vectron through a public tender
ACQUISITIONS offer and integrate the company's services. This acquisi-
tion is expected to enhance Shift4's European presence
and enable the addition of integrated payment services
Ageras positioned for acquisitions to Vectron's customers. Shift4 also completed its acquisi-
tion of Revel Systems, expanding its reach further.
Danish fintech Ageras, a provider of accounting, bank-
ing and business software solutions for over 300,000
European small businesses, is poised for pan-European APPOINTMENTS
consolidation in the fintech sector. Ageras plans to com-
plete one to two major acquisitions before a potential Rehman Baig signs on with FlexFactor
IPO in 2026, with advanced talks already underway.
CEO Rico Andersen aims for execution as early as this FlexFactor Inc. appointed Rehman Baig as chief pay-
year, leveraging Ageras' recent 53 percent revenue ments officer. Rehman brings extensive experience from

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