Global payments company Qenta announced the acquisition of Pipit Global, a B2B cross-border payments platform in over 45 countries.
What Pipit does: Pipit brings Qenta an international compliant network of over 1 million pay-in points and deep integrations with mobile money systems across Africa, Latin America, and Europe. Ollie Walsh, co-founder of Pipit, has been appointed president of Qenta and will lead the platform’s expansion. Qenta will add Pipit’s infrastructure to its own to accelerate access to cash, mobile money, and compliant digital payments internationally.
Qenta also serves remittance networks and migrant communities, facilitating cash, mobile money, alternative payment methods (APMs), and bank transactions in over 45 countries. By integrating regional payment infrastructures with blockchain technology, Qenta is expanding its reach and enabling businesses and individuals to send and receive funds quickly, securely, and cost-effectively.
With these enhanced cash and remittance capabilities, Qenta is prepared to lead the next chapter in global financial inclusion, bringing efficient tools to help people and regions leapfrog ahead.
The deal of Pipit and rebranding to Qenta under the leadership of Brent de Jong is the first step in the company’s goal of building a next-generation financial technology platform designed to bridge traditional financial infrastructure with blockchain and AI.
Origin of Pipit: Walsh’s vision was driven by his frustrations navigating remittance systems after relocating from Ireland to England. And under his leadership, Pipit evolved into a universal network of more than 1 million pay-in points and 300 million mobile money accounts, all while maintaining rigorous compliance and fraud prevention protocols. He also joins Qenta along with four other key team members, including Pipit co-founder and CTO Rory Ryan.
KEY QUOTES:
“Cross border payments have long been far too expensive, slow, and inaccessible, particularly for migrants or those without banking services. We saw clear alignment between our thesis of financial inclusion and the mission of Brent de Jong and Qenta. Together, we are delivering the financial services that people need, without sacrificing crucial security, compliance, or transparency standards.”
Ollie Walsh, President of Qenta
“Payments keep us internationally connected, and ensuring these networks are efficient, accessible, and secure is paramount to our work at Qenta. This acquisition accelerates our vision of building an inclusive, blockchain-powered financial ecosystem that works for everyone, from those with minimal bank access to multinational enterprises. The Pipit team brings the experience and values that align with Qenta’s global ambitions of building a resilient worldwide infrastructure.”
Brent de Jong, Chairman of Qenta
