CapitalSage Vantage has signed an agreement to acquire Chimoney, a Toronto-based payments infrastructure company with operations and connectivity spanning more than 130 countries, in a move expected to significantly strengthen its global payments capabilities and deepen its footprint across key international markets.
The transaction represents a major milestone in CapitalSage Vantage's strategy to build a globally connected financial ecosystem rooted in Africa while serving customers, businesses and developers across multiple continents. The acquisition will bring together cross-border payments infrastructure, remittance services, digital wealth management solutions and financial connectivity platforms under a broader integrated network.
Chimoney, operated by Chi Technologies Inc., has built a reputation as a leading payments infrastructure provider offering multi-currency wallets, global payout solutions, developer APIs and digital identity services. Its platform currently enables businesses and developers to move funds seamlessly across more than 130 countries, making it one of the emerging players in the global fintech ecosystem.
Following completion of the transaction, Chimoney will continue operating within the CapitalSage Vantage ecosystem while maintaining service continuity for its customers, developers and partners. The integration is expected to accelerate product innovation, market expansion and infrastructure development across Africa, North America, Europe and the Middle East.
Speaking on the development, Chimoney Founder, Uchi Uchibeke, described the acquisition as a new chapter in the company's growth journey.
According to him, the transaction will provide the company with greater scale, stronger institutional backing and access to wider growth opportunities while preserving the technology, products, team and customer relationships that have positioned Chimoney as a trusted payments platform.
"The technology, team, products and customer relationships that made Chimoney a trusted platform remain firmly in place. What changes is our ability to accelerate growth, expand into new markets and create greater value through the broader CapitalSage Vantage ecosystem," he said.
Also commenting on the acquisition, Abiola Bawuah said the transaction aligns with the company's vision of building financial services platforms that better connect Africans globally.
"This acquisition creates the foundation for a new generation of financial services platforms designed to serve Africans globally, connecting diaspora users with families, businesses and opportunities across the continent through a more integrated financial ecosystem," Bawuah stated.
Industry observers believe the acquisition could further strengthen Africa's position within the global financial technology landscape at a time when demand for seamless cross-border transactions, remittances and embedded finance solutions continues to rise.
CapitalSage Vantage's portfolio already includes businesses operating in international payments, remittance services and digital wealth management, with strategic relationships and operations across Canada, the United States, the United Kingdom, the United Arab Emirates and several African countries.
The acquisition is expected to create new opportunities across cross-border payments, digital commerce, embedded finance, business payments and financial infrastructure development, while enhancing the company's regulatory reach and operational scale.
Chimoney is currently registered with the Bank of Canada as a Payment Service Provider and with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business, providing additional regulatory strength to the combined entity.
The deal remains subject to customary closing conditions and regulatory approvals.