LONDON--(BUSINESS WIRE)--Kohli Ventures, global investors in innovative ideas, disruptive technology and dynamic businesses, has acquired Dynacart Solutions Ltd (“Dynacart”), a Dublin-based online payments processing company.
Kohli Ventures was founded by Tej Kohli, the visionary global tech entrepreneur and international businessman. The Group has acquired the Dynacart equity previously owned by a major investment management house in Liechtenstein; following this transaction, Kohli Ventures owns the entire issued and to be issued share capital of the business. Kohli Ventures had first invested in Dynacart in 2011 after being attracted by its potential to act as a disruptor in the payments industry through its easy-to-use and secure payments gateway solution.
Dynacart is a classic investment for Kohli Ventures – disruptive technology, with the potential to have a global impact. It offers easy and secure online payment processing products for merchants to accept payments online, connecting customers with international banks and financial institutions to facilitate electronic transactions - users simply embed snippets of code on the website of any online store.
Commenting on the acquisition, Tej Kohli, Chairman of Kohli Ventures, said:
“Today’s announcement demonstrates that the ‘exit option’ is not always the right choice for ambitious businesses. Dynacart is a model example of a Kohli Ventures’ investment that has quickly grown from a start-up business into a multi-million euro business. With non-card non-cash payments expected to double by 2019*, Kohli Ventures has seen a clear opportunity to stake a claim in this lucrative industry. We will work closely with the Dynacart team to adjust to customer demand in a fast-changing environment to ensure it continues to be one step ahead of the competition.”
Kohli Ventures is actively seeking to invest in early-stage, high potential start-ups, primarily with high or novel technologies. Kohli Ventures delivers to its investee companies, global perspective to transform and maximise business potential on the world stage. Further information is available at www.kohliventures.com
* Source: ‘The Future of Payment’, PayPoint (May 2014) - https://www.paypoint.com/documents/cebr_payment_methods_report.pdf
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Notes to Editors:
Kohli Ventures provides smart capital – financial and intellectual
capital, guidance and connections; the Group takes an equity stake and
representation on a company’s board