Payments provider DNA Payments has swooped to acquire a Peterborough startup.
London-headquartered DNA processes nearly £1 billion a month and has more than 90,000 terminals across the UK and European Union. It has made four acquisitions in the last two years.
Kwalitas provides payments processing, pay-by-link gateways, live reporting and account management services to UK merchants.
“This new acquisition will further our growth in the UK,” said DNA co-founder Nurlan Zhagiparov.
“Despite the global COVID-19 pandemic, 2021 was truly transformative for us as we added industry-leading payments solutions and new payment methods, helping our customers to operate during these challenging times.
“DNA Payments is tier agnostic and serves its SME customers through its independent sales organisations.
“Now Kwalitas’s customers will have access to our market-leading service propositions and product set, and we’re looking forward to a great future in 2022 and beyond.”