Switzerland-based Sandpiper Digital Payments has entered into Asian market by acquiring GoGORILLA, a Singapore-based cashless payment startup, for an undisclosed amount.
GoGorilla, which was started in 2012, provides wireless-based solutions like cashless payment transactions and ticket fulfilment for events such as concerts, conferences, product launches and road shows, as well as theme parks.
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Till now, GoGORILLA has activated over 300,000 RFID wristbands and handled over 8 million units of cashless currency during events in Singapore, Malaysia and Thailand.
Following the acquisition, GoGorilla will be rebranded as Sandpiper Digital Payments Asia.
Sandpiper in a statement said that GoGorilla’s employees will join its team to help the company expand in the region.
The new Sandpiper Asia team will expand their platform and service offerings with full support into venues and long-term installations such as theme parks and stadiums.
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By GlobalDataSandpiper co-CEO Alexander Schumperli said: "Sandpiper’s core strategy focuses on the acquisition and integration of growth companies in the highly fragmented payment industry. We chose GoGORILLA’s team, technology and results to allow us to expand rapidly across Asia Pacific."
GoGORILLA founder James Kane said: "The acquisition of GoGORILLA allows us to reach our true potential and scalability in providing bespoke solutions for the public in venues and events, and at the same time positioning SANDPIPER Asia as a one-stop shop for digital payments.
"Together, we can get a foothold from which to further our development and capabilities in this region." Following the acquisition, James and his core team will remain to assist in Sandpiper Asia’s organic growth and will be key to its strategic direction in the Asia Pacific market."
