GetPaid Eyes Growth In Ecommerce…inks deal with Digicel, BPO
Following its acquisition by iCreate and a rebranding from its original name Mobile Edge Solutions, GetPaid is now looking to grow its business which involves providing e-commerce support solutions to businesses, most of which are micro, small and medium-sized enterprises. Started in 2016 as Mobile Edge Solutions by founder and CEO Leighton Campbell, the company was rebranded after a 51 per cent interest was acquired by iCreate Limited earlier this year.
Loop News: Turnaround strategy: iCreate takes majority stake in GetPaid
GetPaid’s business model is centred on serving the diverse needs of businesses that want to sell online and service customers. The company focuses on faster payment processes, reducing costs for merchants and cross-border transactions.
The details of iCreate’s latest acquisition have not been disclosed, but in a notice to shareholders on Wednesday, the company said the acquisition is a pivotal part of its turnaround strategy.
Jamaica Stock Exchange: ICreate Limited (ICREATE) Has Acquired A Majority Stake In E-Commerce Company GetPaid Limited
iCreate Limited (ICREATE) has acquired a majority stake in e-commerce company, GetPaid Limited.
Tyrone Wilson, Founder and Chief Executive Officer commented: “iCreate has an aggressive M&A strategy as part of our Opportunity Ventures Division that was disclosed at our recently held Annual General Meeting (AGM) in January. We see GetPaid Limited as an opportunity to tap into new market potential while staying true to our vision, which is to aid in the development in the digital and creative economy.”
Jamaica Gleaner: Web-service Firm Pivots To E-commerce
Another company has joined the growing list of firms seeking to cash in on the local electronic payment solutions business. Local tech firm Mobile Edge Solutions, MES, has launched what it is touting as a “robust and customisable” online platform, driven by a web application, which aimed at providing faster payouts to Jamaican-dollar bank accounts and encouraging the rapid digital transformation of traditional businesses via e-commerce.