The company was acquired by DCS Innov, a subsidiary of DCS Fintech Holdings. Holy Worrya Wallet-as-a-Service (WaaS) platform provider.
This acquisition DCS InnovationExpanding into the US and European markets.
Prior to the acquisition, HolyWally chose to offer a WaaS solution integrating DCS Card Centre’s core payment services, including cards, virtual bank accounts and Web3 payments via DCS tokens.
Called “InstaWally,” this white-labeled mobile app enables businesses to quickly launch payment and loyalty capabilities without having to build the infrastructure from scratch.
InstaWally also offers additional services such as remittance and QR payments through strategic partnerships. The app plans to onboard its first clients in Q3 2024.
With this acquisition, DCS Innov plans to expand InstaWally globally by leveraging HolyWally’s existing partnerships across various geographies.
The solution aims to provide a consistent payment experience to users around the world and simplify integration efforts for clients across different geographies.
InstaWally is expected to launch in the US, UK, Europe and Japan by the end of the year, and has already partnered with Zenus Bank, Monavate and FinMirai.
DCS Innov already has partnerships with global processors such as EpisodeSix, Visa and Mastercard, and this will further strengthen the company’s global reach.
Veljko Vasic, co-founder and CEO of HolyWally, will join DCS Innov as Chief Commercial Officer along with HolyWally’s development team to support the company’s growth.
DCS Innov said it aims to position itself as a global wallet-as-a-service and card-as-a-service provider for fintech and non-financial businesses.
“We share DCS Innov’s vision of providing fintechs, brands and retailers with a comprehensive and adaptable platform to deliver payment services to end users.
Combining the strengths of both teams under one umbrella will enable us to effectively scale our resources and bring our solutions to global markets faster.”
“HolyWally is committed to helping our customers grow their business through innovative solutions that help them grow their business,” said Veljko Vasic, co-founder and CEO of HolyWally.
Ceridwen Chew, CEO of DCS Innov, said:
“The acquisition of HolyWally marks a major step forward for DCS Innov’s ambitions to support fintech enablement on a global scale, and will no doubt lead to increased accessibility and adoption of payment services within mobile apps.
“We are therefore confident that combining the expertise and assets of both companies will drive immediate growth and efficiencies in delivering payment solutions that are relevant to our clients and can be launched and scaled quickly. This acquisition also comes at a perfect time for us to incorporate HolyWally elements into the launch of our WaaS solution, InstaWally.”
