Mar. 31 at 6:40 PM
$SNEX acquires WCS International Ltd (WCSI), a UK-based wholesale banknotes trading & distribution firm through its subsidiary StoneX Financial Ltd 🏦📈
WCSI, founded in 2022, serves banks and financial institutions in wholesale banknotes trading. Led by Angela Smith, former Head of Wholesale Banknotes at Travelex.
Thiago Vieira, Global Head of StoneX Payments:
"This acquisition strengthens StoneX's financial institutions ecosystem by adding a highly complementary capability to our leading payments and cross-border business."
Angela Smith, CEO of WCSI:
"Joining StoneX provides our business with the balance sheet strength, global reach and institutional relationships needed to accelerate our growth."
Deal positions
$SNEX as a global non-bank liquidity provider across banknotes, payments & FX 🌍💵
Full article: https://liquidityfinder.com/news/stonex-acquires-wcs-international-to-enhance-wholesale-banknotes-and-financial-institutions-ecosystem-b463a
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