Click2Sell, one of first Lithuanian fintech companies, acquired by NomuPay

Click2Sell, one of the first Lithuanian fintech companies licensed by the Bank of Lithuania, known under the brand name Cardinity, was acquired at the end of last year by the global payment network developing company NomuPay, Innovation Agency Lithuania said citing the news portal vz.lt.

“We made a deal according to which they bought us, committed to investing EUR 3 million in the initial stage. Depending on how it goes, the investment may increase by another 10 times in the future (&). We agreed with the investors that they purchase our company, undertake to invest in it, and we continue to develop it in order to expand the range of services in the European Union,” said Cardinity CEO Egidijus Andreika, according to whom Cardinity was NomuPay’s only acquisition in the EU.