Careem buys remittance platform Denarii as super app expansion continues – ITP.net

Careem buys remittance platform Denarii as super app expansion continues – ITP.net

UAE tech giant Careem is acquiring the assets of money transfer platform Denarii, as it expands to the remittance industry in ongoing bid to become a “super app.”

The remittance startup integrates fintechs and financial institutions with remittance aggregators, banks, exchanges, and wallets globally.

The acquisition means Careem’s payments solution, Careem Pay, will use Denarii’s proprietary technology to connect its own customers with remittance services. Some Denarii employees will join Careem following the deal.