Fintech
Payments firm Planet pays €5m for Fexco’s Irish tax-free business
Galway-based fintech, valued at €1.8bn, buys Horizon Tax-Free Services
Planet, the Galway-based payments company valued at €1.8 billion two years ago following a buyout, has acquired Fexco’s Irish tax-free business.
Terms of the deal have not been disclosed, but informed sources said Planet paid around €5 million for Horizon Tax-Free Services.
The acquisition comes as Planet recently received a €35 million cash injection from its parent as it looks to grow market share further.
Founded in Galway in 1985 by Aidan Daly, Jim Ward ...