White Matter Advisory Acquires Major Stake in Fintech Startup Fairexpay

White Matter Advisory announced the acquisition of a 90% stake in fintech startup Fairexpay to expand its cross-border remittance and fund collection services. Approved by the Reserve Bank of India, Fairexpay offers advanced FX rates and security compliance. The deal aims to elevate White Matter Advisory's client offerings.

Treasury risk consulting firm White Matter Advisory has acquired a 90% stake in fintech startup Fairexpay, expanding its reach in cross-border remittance and fund collection services, according to a company release.

Operating as SaveDesk in India, White Matter Advisory manages USD 8 billion in funds and offers a range of advisory services. The Bangalore-based firm specializes in guiding businesses through treasury and risk management complexities.

Fairexpay, authorized by the Reserve Bank of India under LRS Cohort 2, provides top-tier FX rates, 24-hour processing, and stringent security compliance. White Matter plans to leverage Fairexpay's platform and approvals to enhance service offerings, positioning itself as a leader in seamless and cost-effective cross-border payments.