Chi Technologies Inc., the parent company of Chimoney, the Canada-based cross-border payment infrastructure startup that announced its shutdown in May, has signed an agreement to be acquired by CapitalSage Vantage Limited, a subsidiary of CapitalSage Holdings.
In a statement on X on Monday, Chimoney founder Uchi Uchibeke disclosed that both companies had signed an agreement in principle for the acquisition, marking an unexpected turnaround for the startup. If the deal closes, Chimoney will become CapitalSage’s first payments entity in Canada.
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