Windsor Drake
Transaction · Payments · 2024

Direct Debit System / ElseWare 2024

Direct Debit System acquired ElseWare on December 12, 2024.

Target
ElseWare
Acquirer
Direct Debit System
Announced
December 12, 2024
Sub-sector
Payments

Transaction overview

  • Direct Debit System announced the acquisition of ElseWare on December 12, 2024.

Strategic rationale

UAE fintech expands into regulated UK instant payments market leveraging ISO 20022 capabilities to modernize direct debit services.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
December 12, 2024
Acquirer
Direct Debit System (Strategic)
Sub-sector
Payments

Sources

  • menafn.com /1108987976/Direct-Debit-System-Acquires-UK-Regulated-Elseware-In-East-To-West-Technology-Transfer

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