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BlackFin Capital buys Moneo from shareholder banks

Thursday 9 December 2010 | 12:00 CET | News
Investment fund BlackFin Capital Partners has acquired French micro-payment system company Moneo from its bank shareholders for an undisclosed amount. There are currently 500,000 Moneo contactless payment cards in France and the system is be used by over 1.5 million students and half of all parking meters in the country. Moneo has handled 42.5 million total transactions and over 5 million contactless payments this year. Partick Werner, president of Moneo operator Billetique Monetique Service (BMS) and Societe Financiere du Porte Monnaie Electronique Interbancaire (SFPMEI) from their creation

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Categories: Mobile & Wireless / Mobile & Wireless
Companies: Billetique Monetique Service / Moneo
Countries: France
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