The Sentenial acquisition aligns with EML’s Accelerator Strategy and aims to ignite the Nuapay Open Banking product’s international reach and expanded growth opportunity. Credit: EML Payments Limited.

Australia-based EML Payments has agreed to buy Ireland-headquartered fintech firm Sentenial in a cash and stock deal valued at €70m ($83.2m).

The deal also includes an earn-out component of up to €40m ($47.5m).

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Sentenial is a cloud-native, API-first, full-stack enterprise-grade payments company. It owns the open banking brand Nuapay.

The acquire firm, which is dually regulated in the UK and France, processes €45bn per annum.

The deal arms EML with the capabilities to handle payments across scheme and non-scheme as well as both card and non-card payments.

Following the completion of the deal, EML Payments plans to expand Sentenial’s platform and products into the North American and Australian markets.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

EML Group CEO and managing director Tom Cregan said: “The acquisition of Sentenial will be the next evolution for EML, as we transition into a broader payments business by adding instant account-to-account (open banking) payments into our suite of solutions for current and prospective customers.”

The combined entity is expected to emerge as one of the key FINTECH players in the open banking and prepaid space globally by processing over A$90bn in Gross Debit Volume (GDV).

Sentenial founder and CEO Sean Fitzgerald said: “The revolution in payments caused by Open Banking and Real-Time Payments is rapidly building momentum globally, and we are hugely excited by this opportunity to move to a global scale as part of EML.”

Last November, EML made a strategic investment in payout startup Interchecks Technologies through its new FINLAB Fintech incubator.

In April last year, it completed the acquisition of Prepaid Financial Services (PFS) after securing the regulatory nod in the UK and Ireland.